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.



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