Was TARP Necessary?

TARP could have been written better, especially when it came to bonuses given out by the companies that almost destroyed the world. TARP did it's job of saving the economy, and the country from almost certain collapse. The other thing that people fail to mention about TARP is that: THE COUNTRY ACTUALLY IS MAKING MONEY ON IT. To the tune of tens of BILLIONS at the moment, and GM hasn't gone public yet which will make us even more. It should have been run better, and it shouldn't have been just given to the treasury to decided to received it. But, all in all, it did it's job, and it will end soon!!!!

I say congress messed up BIG TIME. They failed on TARP. Why you ask? Well because they FAILED to safeguard the money properly. Banks were suppost to use the money for lending and shoring up their reserves...instead they used it to buy other banks. Wall Street used it for multi million dollar bonuses for corrupt CEOs. I could go on and on about how the money was not used properly or to the best effect or benefit of the American people. It was our tax dollars after all. They gave the money out No strings attached which was STUPID. They knew not to "trust them" to just do the right the thing with the money. After all Congress had spent the last few years BLAMING them for causing this mess. So why did they "trust" them to do right thing with the money? It turned into a HUGE money grab...at our exspense. TARP did not work the way it was suppost to because the money did not get spent the way it was suppost to. Plain and simple.