Posts Tagged ‘TARP Deficit’

200 TARP banks behind on payments

April 30, 2012

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.