Geithner: TARP Will Cost Taxpayers Under $50 Billion

Geithner: TARP Will Cost Taxpayers Under $50 Billion

As the Troubled Asset Relief Program winds down, post-mortems for the program are rolling in. According to Treasury Secretary Timothy Geithner, the bailout effort — which was launched by former President George W. Bush in 2008 and officially ended last month — will end up costing taxpayers a mere $50 billion, rather than the $350 billion that the Congressional Budget Office pegged it at last year. [More]