Absent the first TARP, the system would have collapsed.
Editor's note · Context
Conrad believes that without TARP, the financial system would have failed.
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I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.
I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
If we are going to have tax-advantaged vehicles to encourage people to save for retirement, then the savings ought to be for retirement.





