200 TARP banks behind on payments

It’s said that the bank bailout was a success because all the funds advanced under the Troubled Asset Relief Program have been paid back.  Well, not exactly.

Christy L. Romano, special TARP inspector general, recently reported to Congress than TARP is on track to lose $60 billion.  Taxpayers are still owed $118.5 billion, including $14 billion that has been written off or lost.

Click on Debunking Bailout Myths for details.

I don’t think anybody is going to go to debtors’ prison over this.

Tags: , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: