Commanders Post at The Warpath - View Single Post - Obama and his new budget: Debt will surpass total US Economy

12thMan · 02-01-2012, 12:39 PM

Also important to keep in mind that Treasury never tapped the full $700 Billion TARP fund, meaning that the program will be finished a few years ahead of schedule and by law no new funds can be loaned or disbursed as of September 2010.

TARP's projected losses will be around $5o billion, although I saw a figure today that it could be closer to $34 billion once all funds are fully repaid.

02-01-2012, 12:39 PM	#75
12thMan MVP Join Date: May 2005 Location: washington, D.C. Posts: 11,460	Re: Obama and his new budget: Debt will surpass total US Economy Also important to keep in mind that Treasury never tapped the full $700 Billion TARP fund, meaning that the program will be finished a few years ahead of schedule and by law no new funds can be loaned or disbursed as of September 2010. TARP's projected losses will be around $5o billion, although I saw a figure today that it could be closer to $34 billion once all funds are fully repaid.