April 23, 2010

WHAT SHALL WE DO WITH THE PROFITS?:

Administration trims bailout cost estimate to $87B (MARTIN CRUTSINGER, 4/23/10, AP)

Treasury Secretary Timothy Geithner is telling Congress that the administration believes the final cost of the government’s heavily criticized financial bailout effort could be as low as $87 billion.

Geithner made the new estimate in a letter Friday to congressional leaders that was obtained by The Associated Press.

A year ago, officials were estimating the bailout could cost as much as $500 billion.

Posted by Orrin Judd at April 23, 2010 5:32 PM
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