Posted by
Defend America on Tuesday, March 31, 2009 4:02:53 PM
TARP taxpayer commitment $2.9 trillion
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By Silla Brush
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Posted: 03/31/09 11:55 AM [ET] |
At $2.9 trillion, the total risk to taxpayers of the financial bailout
package Congress passed last year dwarfs the original $700 billion cost
of the program, a watchdog office said on Tuesday.
The special inspector general appointed to oversee the bailout package,
the Troubled Asset Relief Program (TARP), said that the $700 billion
does not include the additional financing and associated programs run
by the Federal Reserve and Federal Deposit Insurance Corporation. Once
it is all added together, the $700 billion sum balloons to $2.9
trillion in taxpayer commitments. |
http://thehill.com/leading-the-news/tarp-taxpayer-commitment-2.9-trillion-2009-03-31.html