Silver Lake's Hutchins Praises TARP; Downplays Idea of Joining Obama Administration

Glenn Hutchins believes that the Troubled Asset Relief Program in the U.S. was one of the most successful emergency measures taken by the government to address the recent financial crisis. But don’t expect the Silver Lake Partners co-founder and co-CEO to join the Obama administration. “TARP very clearly stabilized the financing sector,” said Hutchins, who was speaking Tuesday at the Quebec City conference. While he holds TARP in high regard, Hutchins, co-founder of Silver Lake, said he knows that the program is wildly unpopular in the U.S. He also noted, during a Q&A session, that a survey found that torture is more popular than TARP. “One of the most powerful tools is the most unpopular,” he said.

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