TARP may end up costing as much as 23.7 trillion $

thndrchiken · 07-20-2009, 11:13 AM

The IG for the TARP program has just released an estimated value that the taxpayer may be exposed to.... I guess we know which IG is next on the firing line.

http://www.foxnews.com/politics/2009...each-trillion/

CalHunter · 07-20-2009, 09:18 PM

There is no way they could even have a clue about what they are spending all this money on. This goes beyond paying for undeserved bonuses, etc. This is complete and utter incompetence. And yes, Obama does deserve a lot of the credit for this boondoggle because he's in charge.

Lemaitre · 07-21-2009, 07:42 AM

This estimated cost of $23.7 trillion assumes that all borrowers default on their mortgages and the value of every property goes to zero. Times may be hard but I do not think they will get that bad. This is just sensationalism.