Economist and former banker, David Smith, gave valuable insight on the TARP stimulus package and what it means to the average citizen. Smith, president and founder of Dynamic Solutions, first compared this financial crisis to the one on the 1990s. He detailed the mistakes that lead to the current crisis, such as bad mortgage loans, banks buying bad debt , and no government oversight on large financial institutions. Smith shared the programs in the TARP that are geared toward helping the government, both nationally and locally, to pull out of the current troubled situation. He also discussed the different grants that have been put in place to help people own businesses and find jobs.
Advertisement
