The inspector general, Niel Barofsky, for the $700 billion stimulus package (TARP) says that it has expanded well beyond $700B.
Quote:
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Originally Posted by Niel Barofsky
TARP has evolved into a program of unprecedented scope, scale and complexity. Moreover, TARP does not function in a vacuum but is rather part of the broader government efforts to stabilize the financial system, The total potential federal government support could reach up to $23.7 trillion.
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He also says the total financial exposure of TARP and related programs alone could reach $3 trillion.
This kind of burden on our country defies the imagination.
07-20-2009
Scary shit
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