Occasional commentary on political economy, philosophy and history.
Tuesday, July 28, 2009
SIGTARP Shines the Light of Day on the Cost of Bailouts
The Special Investigator General for the Troubled Asset Relief Program, known as SIGTARP, reported to Congress last week that the total cost of the combined TARP bailouts could reach as high as $23.7 Trillion! His report was quickly criticized and disputed by the murky Treasury Department, of course. Read all about it, including links to the SIGTARP's Report and testimony in the American Spectator.