{"id":32077,"date":"2012-04-20T17:30:26","date_gmt":"2012-04-20T17:30:26","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/jonathan_weil-hope_for_treasury_bailout_profits_rests_on_fuzzy_math\/"},"modified":"2012-04-20T17:30:26","modified_gmt":"2012-04-20T17:30:26","slug":"jonathan_weil-hope_for_treasury_bailout_profits_rests_on_fuzzy_math","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=32077","title":{"rendered":"Jonathan Weil&#8211;Hope for Treasury Bailout Profits Rests on Fuzzy Math"},"content":{"rendered":"<p>Here\u2019s a breakdown of the numbers. The report, citing White House budget office figures, estimated $46 billion of costs under the Troubled Asset Relief Program to support struggling homeowners. It showed $2 billion of overall gains on the Treasury\u2019s investments in various bailed-out companies, such as American International Group Inc. (AIG), some of which are held outside of TARP. Other Treasury programs to buy mortgage-backed securities and to guarantee money-market funds would produce $26 billion of gains, the report said.<\/p>\n<p>Add up those categories, and the projected net cost so far is $18 billion. On top of that, there\u2019s the current net cost of the government-sponsored housing financiers Fannie Mae and Freddie Mac, which the Treasury pegged at $151 billion. So how did Treasury project a potential gain overall?<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-04-19\/hope-for-treasury-bailout-profits-rests-on-fuzzy-math.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s a breakdown of the numbers. The report, citing White House budget office figures, estimated $46 billion of costs under the Troubled Asset Relief Program to support struggling homeowners. It showed $2 billion of overall gains on the Treasury\u2019s investments<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=32077\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,595,149,168,671,151,585,669,594,584,34,668],"tags":[],"class_list":["post-32077","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-credit-markets","category-economy","category-ethics-moral-theology","category-federal-reserve","category-politics-in-general","category-the-banking-systemsector","category-the-national-deficit","category-the-september-2008-proposed-henry-paulson-700-billion-bailout-package","category-the-u-s-government","category-theology","category-treasury-secretary-timothy-geithner"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32077"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/32077\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}