CBO Updates TARP Tally: $24 Billion Cost to Taxpayers
10/17/12
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The latest update from the Congressional Budget Office (CBO) projects the Troubled Asset Relief Program (TARP) will ultimately wrap up at a cost of $24 billion, says Steve Schaefer of Forbes.
from NCPA,
10/17/12:
The ultimate losses from TARP will not come from the first round of spending, as all of those initial bank investments have been repaid, but instead from the use of TARP funds to help smaller banks (minimally), as well as the extension of the program to pump $79 billion into automakers General Motors and Chrysler and contribute to the bailout of insurer American International Group.
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