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Friday, January 16, 2009

First Third of TARP Could Cost Taxpayers $64 Billion (i.e. a 26% Loss)

WSJ reports:

CBO said the $64 billion figure generally represents the difference between what Treasury paid for the investments or lent to firms and the market value of the transactions. This difference, called the “subsidy rate”, was 26% for the first third of the TARP funds.