Reuters
via Los Angeles Times
11/29/2010
The U.S. Troubled Asset Relief Program, which risked up to $700 billion of government funds to bail out troubled banks and automakers, will cost taxpayers a mere $25 billion, according to an estimate released on Monday by the nonpartisan Congressional Budget Office.
CBO’s latest assessment of the widely reviled program is lower even than the Obama administration’s own estimate of less than $50 billion, which was criticized as too rosy after it was issued at the end of September.
“Clearly, it was not apparent when the TARP was created two years ago that the cost would turn out to be this low,” CBO said in its report.
The article continues at the Los Angeles Times.
Related: Estimated government loss dips to $19B in auto bailout
