“Clearly, it was not apparent when the TARP was created two years ago that the cost would turn out to be this low,” CBO said in its report.
With bailed-out firms returning to health, the government will spend less than previously thought on assistance to insurer AIG and automakers like General Motors, CBO said.
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Additional stock repurchases by formerly troubled Wall Street firms and lower-than-expected participation in mortgage programs has also lowered the cost, CBO said.
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