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IPFS News Link • Bailouts

Tarp Overseer Debunks Bailout Myths: HAVEN’T Repaid Tarp Funds …

• ZeroHedge
After 3½ years, the Troubled Asset Relief Program (“TARP”) continues to be an active and significant part of the Government’s response to the financial crisis. It is a widely held misconception that TARP will make a profit. The most recent cost estimate for TARP is a loss of $60 billion. Taxpayers are still owed $118.5 billion (including $14 billion written off or otherwise lost).