Estimated taxpayer cost for bailouts rises again
The Congressional Budget Office (CBO) now estimates that US taxpayers will be on the hook for $356 billion instead of $189 billion as a result of the first bank bailout known as TARP. Is this really any surprise? It will likely be revised upward yet again in the coming months. Bailout costs will continue to grow at an alarming rate unless we put a stop to it.
Read the article here.
