Economy: Economic News, Policy & Analysis - The Washington Post: The bailout could turn a profit, but that’s not entirely a good thing

Economy: Economic News, Policy & Analysis - The Washington Post Economy News: Get the latest headlines and in-depth coverage of economic news, policy, analysis and more from The Washington Post.

The bailout could turn a profit, but that's not entirely a good thing Apr 14th 2012, 17:00 At a press briefing on Friday, senior Treasury officials had some good news to trumpet: The government's bailout of the financial system during the crisis has cost less than expected. According to the most recent Congressional Budget Office estimates, the total cost of TARP has fallen from $700 billion to $34 billion. In 2010, the bailout of Fannie Mae and Freddie Mac was projected to cost $53 billion by 2020, and the White House now estimates that cost will shrink to $28 billion by 2022. Put together, all the government's efforts to bail out the financial system in 2008 and 2009 could ultimately end up turning a profit for taxpayers--in the ballpark of $10 billion, according to the Treasury Department. Read full article >>

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