Watchdog says TARP will cost taxpayers $25B

Watchdog says TARP will cost taxpayers $25B

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WASHINGTON — The U.S. Troubled Asset Relief Program, which risked up to $700 billion of government funds to bail out troubled banks and automakers, will cost taxpayers a mere $25 billion, according to an estimate released on Monday by the nonpartisan Congressional Budget Office.

CBO's latest assessment of the widely reviled program is lower even than the Obama administration's own estimate of less than $50 billion, which was criticized as too rosy after it was issued at the end of September.

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Wow. I can't believe that the tax payers are only on the hook for $25 billion. I would expected about 10 times that amount. I opposed the government bailouts, but in retrospect, I suppose they did have some positive impact. I enjoy seeing news stories when the companies actually pay back the money!

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