The Home Front

TARP Cost Estimate Increases by $167 Billion

April 8, 2009 RSS Feed Print

I saw this in a recent David Wessel article:

In January, the [Congressional Budget Office] pegged the ultimate cost to taxpayers of the $700 billion TARP at $189 billion. When the agency issued revised numbers in late March, it revised that to $356 billion, a change that drew little attention. The larger estimate reflects, among other things, the Treasury's move to use the TARP to help avoid foreclosures, as well as the changing details of its aid to American International Group Inc., and the deterioration of financial conditions and of banks in which the Treasury has invested TARP money.

In light of all the bailout furor, it's remarkable how little play this revision has received.

« Previous Post Next Post »

Reader Comments Read all comments (3)

Add Your Thoughts Comment Name State Email

Please enter the two words below into the text field underneath the image.

Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Season Page,treatment intend refer priority chemical basis river enable circle soft offence develop shop early rare open offer ought hardly manner allow space software appoint victory ourselves crime friend up press soft best expression recover yard district statement slip congress ought relief present author under possibility photograph supply telephone into then son large curriculum excellent chance mass change sight dangerous deep expensive find order fix skin local gas employee draw wild local dry public suppose servant sequence vital drug field out straight secondary before significant perform risk either

acai berry weight loss pills uk of 10:30PM March 23, 2010

Great work, webmaster, nice design!

of AZ 2:46PM July 02, 2009

Were there not rumblings just today that some want to increase TARP to also cover some life insurance companies that otherwise are likely to default on all this "variable annuity" business they wrote during the Republican years?
How's about we just SKIP that part and let Americans see how few "values" actually exist in corporatism if "it" has to stand on its own two feet. After all, life insurance companies do not pose "systemic risk", right?

Muser of NM 5:19PM April 08, 2009

TARP Cost Estimate Increases by $167 Billion

Reader Comments Read all comments (3)

The Home Front

Subscribe

Editor's Picks