Skip to comments.Taxpayers still owed $132.9B from bailout: report
Posted on 01/26/2012 1:04:07 PM PST by Razzz42
WASHINGTON (AP) - A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven't repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in September 2008 will continue to exist for years, says a report issued Thursday by Christy Romero, the acting special inspector general for the $700 billion bailout. Some bailout programs, such as the effort to help homeowners avoid foreclosure by reducing mortgage payments, will last as late as 2017, costing the government an additional $51 billion or so. The gyrating stock market has slowed the Treasury Department's efforts to sell off its stakes in 458 bailed-out companies, the report says...
(Excerpt) Read more at apnews.myway.com ...
Send the bill to the Clinton Foundation! He and the Democrats caused it! From Zero Hedge:
Krugmans Misleading Tale of Two Bubbles: A Closer Look At The Data (Clinton Started The Housing Bubble in 1995, Not Bush)
Oh, is that all? I thought it was more like $16 trillion.