Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Taxpayers still owed $132.9B from bailout: report
myway.com ^ | January 26, 2012 | (AP)

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 ...


TOPICS: Business/Economy; Government
KEYWORDS: bailouts; tarp

1 posted on 01/26/2012 1:04:12 PM PST by Razzz42
[ Post Reply | Private Reply | View Replies]

To: Razzz42

Send the bill to the Clinton Foundation! He and the Democrats caused it! From Zero Hedge:

Krugman’s Misleading “Tale of Two Bubbles”: A Closer Look At The Data (Clinton Started The Housing Bubble in 1995, Not Bush)

http://confoundedinterest.wordpress.com/2012/01/26/krugmans-misleading-tale-of-two-bubbles-a-closer-look-at-the-data/


2 posted on 01/26/2012 1:11:33 PM PST by whitedog57
[ Post Reply | Private Reply | To 1 | View Replies]

To: Razzz42

Oh, is that all? I thought it was more like $16 trillion.


3 posted on 01/26/2012 1:16:53 PM PST by Jukeman (God help us for we are deep in trouble.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson