Obama: âWe got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good,â Obama said in Miami Thursday.
CBO: âThe cost to the federal government of the TARPâs transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not yet been made, will amount to $24 billion,â said the CBO report, which was released on the same day Obama spoke.
In fact, CBO reported that as of now $65 billion in TARP funds remain outstanding.
http://cnsnews.com/news/article/oba...dime-bailout-cbo-bailout-will-lose-24-billion
CBO: âThe cost to the federal government of the TARPâs transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not yet been made, will amount to $24 billion,â said the CBO report, which was released on the same day Obama spoke.
In fact, CBO reported that as of now $65 billion in TARP funds remain outstanding.
http://cnsnews.com/news/article/oba...dime-bailout-cbo-bailout-will-lose-24-billion