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Current Events => Politics => Topic started by: Chris on February 20, 2009, 01:22:16 AM

Title: Treasury paid $100 for every $66 in assets in top-ten TARP deals
Post by: Chris on February 20, 2009, 01:22:16 AM

Treasury paid $100 for every $66 in assets in top-ten TARP deals (http://cop.senate.gov/blog/entries/blog-020609-valuationreport.cfm)

COP is releasing its latest oversight report today entitled “Valuing Treasury’s Acquisitions.” This report is our own attempt to answer the fifth question in our first oversight report: Is the Public Receiving a Fair Deal?   After reviewing the top ten TARP transactions, we learned that every time Treasury spent $100, it took back assets that were worth, on average, $66.  This equals a $78 billion shortfall for the $254 billion spent on these deals so far.

[youtube=425,350]jN7PCWTqBGQ[/youtube]

(more...) (http://www.metafilter.com/79337/Treasury-paid-100-for-every-66-in-assets-in-topten-TARP-deals)