Re:NASA executive quits weeks after appointment to lead 2024...
by runako on Friday May 24, 2019 @10:26AM
(#20001862)
> TARP didn't cost anything
This assumes zero value of having the Treasury backstop a business. There is always a cost associated with making an investment (which TARP was). In a sense, the entire discipline of pricing risk is based on calculating this cost.
Whether or not the chosen risk eventually paid off is a different question than the whether the risk had a cost to begin with.
* - I was a proponent of TARP as one of the better risks on the table.
This assumes zero value of having the Treasury backstop a business. There is always a cost associated with making an investment (which TARP was). In a sense, the entire discipline of pricing risk is based on calculating this cost.
Whether or not the chosen risk eventually paid off is a different question than the whether the risk had a cost to begin with.
* - I was a proponent of TARP as one of the better risks on the table.