Posted using ShareThisThe report calculates that taxpayer support to the financial system is currently at $3 trillion -- while potential support could be as high as $23.7 trillion. Read the report.
The costs include $6.8 trillion in government assistance offered by the Federal Reserve, along with $7.2 trillion in government funding for Fannie Mae /quotes/comstock/13*!fnm/quotes/nls/fnm (FNM 0.57, -0.01, -0.88%) and Freddie Mac /quotes/comstock/13*!fre/quotes/nls/fre (FRE 0.60, -0.02, -3.23%) as well as other groups and another $2.3 trillion in programs provided by the Federal Deposit Insurance Corp.
Tuesday, July 21, 2009
Lawmakers take issue with TARP transparency, costs - MarketWatch
Lawmakers take issue with TARP transparency, costs - MarketWatch
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