Goverment Overpaid by 30% for TARP Funds

by Dual Income No Kids on February 5, 2009 · 0 comments

Hi All,

Just saw this headline from CNN. Evidently the chairwoman of the congressional TARP oversight committee testified before the senate that the US treasury paid $254 billion and received assets worth $170 billion. Thats a premium of over 33%.

The story also noted the Treasury has not been sufficiently transparent and has not been able to articulate how the bailout funds are being allocated.

Click here for the story.

Best,

James

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