Posted by: youngragingbull | May 23, 2013

TARP to cost $21 billion: CBO

The Congressional Budget Office estimated Thursday the total cost of the Troubled Asset Relief Program, including mortgage grants that haven’t yet been made, will be $21 billion – $3 billion less from its last estimate.

The CBO says $428 billion of the initially authorized $700 billion will be disbursed through the TARP, including $419 billion that has already been disbursed and $9 billion in additional projected disbursements.

The estimated cost of the TARP stems largely from assistance to American International Group, aid to the automotive industry, and grant programs aimed at avoiding home mortgage foreclosures.

 

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