TARP III = $750b - $500 = $250b

More

Still about 40 minutes away from the embargo breakage on the budget, but an Associated Press article that flashed at 6:00 this morning reveals something new: a $250 billion reserve fund to sustain the Treasury's Troubled Asset Relief Program. Actually, it's a $750 billion expenditure, but the government is assuming, based on, well, assumptions about economic growth, that about $500 billion will be returned to the taxpayer. The outline calls it a "placeholder for potential additional financial stabilization efforts" which would "support $750 billion" in assets. 

Jump to comments
Presented by

Marc Ambinder is an Atlantic contributing editor. He is also a senior contributor at Defense One, a contributing editor at GQ, and a regular contributor at The Week.

Get Today's Top Stories in Your Inbox (preview)

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Politics

Just In