|02-06-2009, 11:34 PM||#1|
Join Date: Jul 2001
Location: Hot Springs, Ouachitah
New TARP thread.
We brought this up the day it happened.
Probe: Govt. Bailout Exceeded Market Value of Firmsí Stocks, Assets
A congressional investigation has found the Bush administration overpaid tens of billions of dollars in its purchase of bank stocks and assets under the Wall Street bailout. The Congressional Oversight Panel says the government received assets with a market value worth at least $78 billion less than what it invested. That translates to a roughly thirty-cent loss for every dollar the government spent.
ROUGHLY 78 BILLION, PROBABLY MORE.