I am not sure that is true in terms of monetary policy. When the Fed "creates" money, is it really that different then the government "creating" money by selling bonds? That is, if you assume the government backs the Fed which most people do. Certainly the Fed creating money adds to the ratio of debt to GDP, and raises interest rates on government debt. But I am no expert so correct me.

Well TARP was needed but there should have been systems in place to prevent it being needed (not allowing firms to grow to "too big to fail")

The firms have been big enough to control who is appointed to supervise (and bail out, when necessary) them for a long time. Nothing that happened in 2007-10 was going to change that. All the promises were bullshit, because that's all they possibly could have been.

Money doesn't get its value from the Fed. It gets its value from what economists call real goods and services. If nobody was willing to exchange their work product for our money, it would be virtually worthless. So when the Fed electronically debits and credits their account with newly created money and a new purchase of a toxic asset, they're necessarily stealing someone else's (everyone else's, really) work product, in real terms.

You should really actually learn how monetary economics work. Its 100% incorrect to claim that every newly created $ is stealing somebodies work.

Lol I have formal training in this subject.

Is English a language you rarely use?