Two commenters (Jack B. and John L.) raise an important point about the $25 billion price tag that the Congressional Budget Office recently placed on the Troubled Asset Relief Program. Their concern is that the $25 billion figure includes some impacts that should rightfully be attributed to other government actions, not to TARP itself. To illustrate, suppose that [...]
Posts Tagged ‘AIG’
A Second Thought on the Cost of TARP
Posted in Budget, Finance, tagged AIG, Auto, Banks, Budget, CBO, Finance, TARP on December 1, 2010 | 3 Comments »
How Much Did TARP Cost? $25 Billion
Posted in Budget, Finance, tagged AIG, Auto, Banks, Budget, CBO, Finance, TARP on November 29, 2010 | 15 Comments »
The much-maligned TARP program will cost taxpayers only $25 billion according to the latest estimates from the Congressional Budget Office. That’s substantially less than the $66 billion CBO estimated back in August or the $113 billion that the Office of Management and Budget estimated in October. The good news, budget-wise, is that the government is [...]
How Blurry is the Line between Monetary and Fiscal Policy?
Posted in Budget, Macroeconomics, tagged AIG, Bank of, Budget, Citigroup, Fannie Mae, Federal Reserve, Freddie Mac on June 2, 2010 | 7 Comments »
Economists have traditionally drawn a sharp distinction between monetary and fiscal policy. Monetary policy should try to promote growth and limit inflation by setting short-term interest rates, managing the money supply, and providing liquidity during times of financial stress. Fiscal policy should also encourage growth and, more broadly, promote the general welfare through careful choices [...]
Beyond the $23.7 Trillion Headline
Posted in Budget, Economy, Finance, Macroeconomics, Politics, tagged AIG, Bank of America, Banks, Budget, Chrysler, Citigroup, Finance, GM, GSE, Housing, Macroeconomics, Politics, TARP, Warrants on July 20, 2009 | 3 Comments »
Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program (affectionately known as SIGTARP), is making headlines with his estimate that the government has provided “potential support totaling more than $23.7 trillion” in fighting the financial crisis. That estimate will be officially released on Tuesday morning in the SIGTARP’s latest quarterly report (you [...]
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