US Could Lose $2B In TARP, Warns Oversight Panel

The Hill:

The government could lose out on more than $2 billion if federal officials continue to undervalue part of the financial bailout package, a government watchdog panel will say on Friday.

The Congressional Oversight Panel, working with a team of Harvard Business School professors, estimated that taxpayers had lost one-third of the value of the very small number of warrants that had already been sold by the Treasury Department.

Read the whole story: The Hill

Comments

[ncmom54]

and Congress is squabbling over the cost of Health Care

[drkazmd65]

Yep,... 'cause they can't figure out a way for their corporate masters to make enough money off Health Care Reform.

[hellboundtrain]

Think that it is all a diversionary tactic to keep most from thinking about
the loss of freedoms in America and
the $700-800 trillion in derivatives that are still coming down the pike.

[4State]

So what, we lose a couple of billion. It's only the cost of few days in Iraq.

When was the last time the media made any reference to the costs of occupations and our staggeringly tanking economy? BushCo never did. Then again, they never referred to the recession until it was a year in.