Barry Ritholtz– TARP + GSE: $257 Billion in the Red
Posted in * Economics, Politics, Budget, Economy, House of Representatives, Housing/Real Estate Market, Office of the President, Politics in General, President Barack Obama, Senate, The 2009 Obama Administration Bank Bailout Plan, The 2009 Obama Administration Housing Amelioration Plan, The National Deficit, The Possibility of a Bailout for the U.S. Auto Industry, The September 2008 Proposed Henry Paulson 700 Billion Bailout Package, The U.S. Government, The United States Currency (Dollar etc)
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And note that the returned TARP money hasn’t been used to pay off the IOU’s but rather it has been used by the Obama administration for political payoffs. So ALL of the TARP money should be consider as lost. The future generations will be paying for it.