Tarp Overall News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Said, she said interpretation of what happened. this was a controversial and politically difficult thing for the white house to do. it was definitely led by the democrats. it definitely goes against the really strong prevailing republican ideology. and the fact is it actually worked. this intervention by the state saved two big companies. >> i would say the outgoing white house did support the idea and mitt romney has deep roots in michigan also supported it. how did it play for you, richard? >> basically the u.s. government ha hanged it up being the lender of last resort. the banking system c...

so he is running counter to conventional wisdom in that people still blame president bush for the current state of the economy. so i don't think it's -- while it looks like a great number, republicans ought to be jumping in and saying, oh, wow, the president is really vulnerable. when you look inside the numbers, he is less vulnerable than that would imply. >> let's take a look at some of the notable republicans who have said no just for the month of may for running for the gop election. jeb bush, donald trump, mike huckab huckabee. indiana govern. both present clear contrast to pres...

Overly bearish, but a case for being more conservative than has been appropriate for the last two years. >> we often talk about ex--traded funds which is a basket of stock. you like spy which is the s&p 50. >> right. the recovery of the last two years, small stocks have done phenomenally well. they got hurt the most when the market went down. they're the ones who recover fastest when the economy recovers. >> because they're nimble. >> they're nimble. but the stocks also tend to be very vollive. when they go up, they go up more than you expect. when they go down, they go down more than you expe...

>> the bush white house at the time, the outgoing white house did support the idea. mitt romney has deep roots in michigan, also supported it. how did it play for you, richard? >> basically, the u.s. government ended up being the lender of last resort and taking the place of a failed banking system. the banking system, they could have picked up the slack. if you look at the t.a.r.p. overall, most of the money from the t.a.r.p., absent aig, has been now paid back with profits and with interest. but that -- and everybody says t.a.r.p. was a brilliant idea and hip, hip, hooray. but the recession ...

Can do this one which tracks gold or others that are a basket of gold companies. >> absolutely. i'm not opposed to either. this is the most leveraged to the price of the metal itself. >> as you've always recommended, the average viewer should be diversified. >> absolutely. you should have an asset allocation, review it regularly and rebalance periodically so that you're not extreme in your investment view. the reality is a lot of blocking and tackling down the middle. that's how you make money. >> always great to see you. thanks so much. jim awad, a good friend of our show. are massive spend...