...then you don't even want to read this.
TARP & Bailout money could reach $27.3 TRILLION
Note, this is according to the government's top bailout watchdog, the inspector general for the Troubled Asset Relief Fund, Neil Barofsky. In his report, that he will submit to the House Oversight and Government Reform Committee, he says that the TARP and related programs, passed in a flury under President Bush, alone could reach $3 Trillion.
So the $700 Billion Recovery & Stimulus yadda yadda bill that President Obama pushed through at record pace, so fast that no one could read the bill they were voting on (!!!), could reach up to $24 Trillion.
Even the article states that this is the highball number, not what is actually expected but what is possible in the worst-case scenario. But tell me what has been coming out better than anticipated in this economic meltdown so far?
This last sentence absolutely stunned me, though (it shouldn't have, but it did):
For the Administration that has promised transparency, this is not a good assessment.
TARP & Bailout money could reach $27.3 TRILLION
Note, this is according to the government's top bailout watchdog, the inspector general for the Troubled Asset Relief Fund, Neil Barofsky. In his report, that he will submit to the House Oversight and Government Reform Committee, he says that the TARP and related programs, passed in a flury under President Bush, alone could reach $3 Trillion.
So the $700 Billion Recovery & Stimulus yadda yadda bill that President Obama pushed through at record pace, so fast that no one could read the bill they were voting on (!!!), could reach up to $24 Trillion.
Even the article states that this is the highball number, not what is actually expected but what is possible in the worst-case scenario. But tell me what has been coming out better than anticipated in this economic meltdown so far?
This last sentence absolutely stunned me, though (it shouldn't have, but it did):
Quote:
| In the report, Barofsky also says that the Treasury Department has "repeatedly failed" to adopt recommendations that his office believes will bring more transparency and accountability to the execution of the bailout. |










