Dit is de start van de einde-jaars-rally
Geithner: Can shift "substantial" bailout funds to jobs
WASHINGTON
Mon Dec 7, 2009 12:40am
Fri, Dec 4 2009
Geithner says need to cut budget deficit
Thu, Dec 3 2009
CORRECTED - Use bank bailout funds for jobs package - Pelosi
Thu, Dec 3 2009WASHINGTON (Reuters) - The projected long-term cost of the government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a United States Treasury Department official said on Sunday night.
The Obama administration had estimated the cost to taxpayers of the $700-billion Troubled Asset relief Program, or TARP, would be $341 billion but now says it can cut that by $200 billion.
"That improvement is driven by the fact that Treasury's investments to stabilize the system are delivering higher returns than anticipated and that Treasury does not anticipate having to draw upon the full $700 billion in TARP authority," the Treasury official said.