As a result, only $432 billion will be disbursed through the TARP, CBO estimates, well below the $700 billion initially authorized. Overall, the outcomes of most transactions made through the TARP were favorable for the federal government.
^^^^ CB: Sure wish some left business observers would submit these claims to ruthless criticism.
"_Only_" $432 billion ? Less than half of that would take care of about all of the state and local government deficits, no ? How much would it take to bailout all defaulted mortgages ? Bailout the People since the banks were bailed out.