TARP Bailout to Cost Less Than Once Anticipated (Obama, insurance, companies)

[sickofnyc]

WASHINGTON — Even as voters rage and candidates put up ads against government bailouts, the reviled mother of them all — the $700 billion lifeline to banks, insurance and auto companies — will expire after Sunday at a fraction of that cost, and could conceivably earn taxpayers a profit.

http://www.nytimes.com/2010/10/01/bu...tarp.html?_r=1

[Frank DeForrest]

Originally Posted by sickofnyc

WASHINGTON — Even as voters rage and candidates put up ads against government bailouts, the reviled mother of them all — the $700 billion lifeline to banks, insurance and auto companies — will expire after Sunday at a fraction of that cost, and could conceivably earn taxpayers a profit.

http://www.nytimes.com/2010/10/01/bu...tarp.html?_r=1

[Willsson]

Yeah, it's kinda old news...

TARP Expires Sunday, Will Cost a Lot Less than Projected

Remember TARP - my that seems so long ago. Anyway, it expires Sunday with some large amount of the money unspent and final cost projections adjusted way down.

http://www.nytimes.com/2010/10/01/business/01tarp.html

[lifelongMOgal]

Hopefully the Conservatives will run on making certain that the principal remaining from TARP and TARP repayments does not become part of another government slush fund. No doubt looking forward Obama would like to use that for Obamacare, Cap/Tax, or Amnesty.

[AksarbeN]

I can’t imagine how much worse the country would be “today” if the TARP wasn’t used.

[Calvinist]

Originally Posted by AksarbeN

I can’t imagine how much worse the country would be “today” if the TARP wasn’t used.

You mean, when the banks and GM would have failed and been rebuilt at lower cost?

It didn't solve a lot...the basic issues are still there.