Treasury Secretary, Timothy Geithner reports that the latest estimate conservatively puts the cost of TARP at $117 billion, and if Congress adopts the Financial Crisis Responsibility Fee that the president proposed in January, the cost to American taxpayers will be zero. Read more…
financial crisis
Bailout Watchdog Warns about Commercial RE
Until Treasury and bank supervisors take coordinated action and are forthright and transparent, the state of the commercial markets — and the potential impact that a breakdown in those markets could have on local communities, small businesses, and individuals — the financial crisis will not end — that’s Elizabeth Warren’s message. Read more…
