Geithner: the updated TARP balance sheet

When Treasury Secretary Tim Geithner appeared before the Senate Banking Committee yesterday, he brought along an updated accounting of where the TARP money is going and how much is left. The Wall Street Journal’s Real-Time Economics blog has the details.

There’s $98.7 billion left in the fund at this point. But note what Treasury is offering as a estimate of fund repayments: $25 billion, or about 4 percent of the $600 billion disbursed so far. This is labeled a “conservative” estimate, and it’s certainly at odds with the widespread picture of freshly healed, post-stress-test financial sector rushing to return TARP moneys.

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Comments (1)

  1. Submitted by Richard Schulze on 05/27/2009 - 06:28 am.

    Wow the financial engineering racket is simply the best organized white collar crime organization ever !

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