''TARP Was Even Worse Than You Think: “An Abysmal Failure,” Barofsky Says''

From Yahoo 

''While the big banks have paid back their loans, the overall program is now projected to lose somewhere between $32 billion to $70 billion, with $109.1 billion owed as of June 30, according to SIGTARP. Most of those losses are tied to AIG -- Treasury still own 61% of the company -- but more than half of the 325 banks that received TARP aid have missed dividend or interest payments.

"The bottom line is [the government] still expects tens of millions of losses on TARP," Barofsky says. "The losses are a lot less than originally anticipated but this resorting to trickery really shows you they're trying to cover up how badly TARP has failed in its other goals of helping homeowners and increasing lending to the economy."

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