May 10, 2013

THANKS, W:

Cost of Bailouts Continues to Decline (JEFFREY SPARSHOTT, 5/10/13, WSJ)

The taxpayers' tab for the government's bailout of companies during the financial crisis continues to shrink.

Big payments to the Treasury Department planned by mortgage-finance giants Fannie Mae FNMA -3.00% and Freddie Mac, FMCC -3.98% and announced this week, will lower the net cost so far of the government's rescue of the two firms to $60.5 billion; it peaked at $187.5 billion in 2011.

The net cost of another major rescue program, the Troubled Asset Relief Program, has fallen to less than $23 billion, a fraction of the $419 billion the Treasury has disbursed to struggling companies since 2008.
Posted by at May 10, 2013 4:43 AM
  
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