Klein: We need to determine the TARP's effectiveness

Rep. Ron Klein (D-22) put out a press release about the Toxic Assets Recovery Program:

Large banks such as Citigroup and Bank of America are important to the health of the American economy, and the uncontrolled failure of these institutions would have a significant negative impact on credit availability and the successful operation of the financial system. But, it is essential that taxpayers dollars are not spent propping up insolvent institutions. In his written testimony, Dr. Baker asserted that some of the large financial institutions are likely insolvent, and we need to closely examine the benefits of continued capital injections into these firms.

By the way, I'm assuming he's talking about Dean Baker but I'm not sure. Anyhow, the above statement shows that Rep. Klein is, at least, talking about alternatives to resolving the financial crisis. I'm not sure how that squares up with the return to the "bad bank" approach which assumes that the banks are solvent.