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Breaking Even on TARP

BREAKING EVEN ON TARP The latest cost calculations show the much-maligned Troubled Asset Relief Program is breaking even and may ultimately turn a profit. $700b $0 LINE OF CREDIT COST TO TAXPAYERS (AS OF 4/20/12) Though $700b was originally set I aside for TARP, to-date only about $415b has actually been loaned. 81% ($338b) of that $415b debt has been paid back, and the value of collateral asset holdings – like GM and AIG stock - have grown to The remaining $285b was either never obligated or never disbursed.* $77b, making TARP's current cost to taxpayers $0. $415b $415b ERRVE NOTY GERVA NOT 369 C OF 369C DE MONEY LOANED CASH PAID BACK + ASSETS HELD III BANKS AUTOS FB] FB PRIVATE 2003 D. HOUSING CREDIT MARKETS UN ONE HON U.S. Treasury Department Monthly 105(a) Report, March 2012. *NOTE: The only additional money authorized is for Housing, with varying estimates of how much more may be spent (OMB $42b; CBO $12b). We do not project or speculate on that amount-or on the future value of assets like stocks-counting only money disbursed to-date. Free for re-use with attribution/link. © 2012 Third Way. Visit www.thirdway.org. Infographic by Bill Rapp. ) third way fresh thinking

Breaking Even on TARP

shared by billrapp on May 08
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TARP (aka the "$700b taxpayer-funded-wall-street-bailout) is the most reviled government program in recent memory. The public backlash gave birth to both the Tea Party and Occupy movements, and politi...

Publisher

Third Way

Designer

Bill Rapp

Category

Politics
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