30 Jul

Ya Think...

The Troubled Asset Relief Program that was set up to bail out U.S. financial institutions during the worst of the crisis in 2008 is rarely discussed anymore, but TARP’s former director is ending the silence with explosive words, calling the program an “abysmal failure.”

If you dig through the full Treasury reports, Mr. Barofsky said, you’ll see the total program is expected to lose between $32-billion and $70-billion (U.S.). $109-billion was still owed as of June 30.

At least Obama saved GM.


Globe and Mail, Reason


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