A Look Back At TARP's Successes, Failures



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The Troubled Asset Relief Program -- most commonly known as the TARP -- is officially expired. The $700 billion bank bailout was passed with bipartisan support two years ago to stabilize the nation's financial institutions and stave off a second Great Depression. While many economists agree the program was a success, voters and politicians jeer at its very mention. Herb Allison served as overseer for TARP for the past 15 months. He just stepped down from the post and agrees that it's viewed as a dirty word by the public today. NPR's Robert Siegel talks to Allison about TARP's successes and failures.

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