...was on CNBC this morning. If you remember, he was tasked by Treasury Secretary Henry Paulson to administer the $700 billion U.S. Government Troubled Asset Relief Program. Kashkari reflected today on how the first TARP bill was only three pages long. That was considered too short and was later revised.
When the Republicans were criticizing the recent health care bill for being too long at 2,700 pages, I often wondered, what exactly would be the optimal length of a bill? (I could write one in three words: Medicare For All. But that, like all the other possibilities in the universe, could never get passed.)
But at least now we know that if the TARP bill was too short and the health care bill was too long, then future bills should fall somewhere between 3 and 2,700 pages long.
Nice to have that settled.