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

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. 

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.

What LBJ Really Said About Selma

"It's outrageous what's on TV. It looks like that man is in charge of the country."

Join the Discussion

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

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

What LBJ Really Said About Selma

"It's going to go from bad to worse."

Video

Does This Child Need Marijuana?

Inside a family's fight to use marijuana oils to treat epilepsy

Video

A Miniature 1950s Utopia

A reclusive artist built this idealized suburb to grapple with his painful childhood memories.

Video

Why Principals Matter

Nadia Lopez didn't think anybody cared about her school. Then the Internet heard her story.

More in Politics

Just In