The U.S. Treasury Department estimates the total cost of the Troubled Asset Relief Program (TARP) will be approximately $50 billion, according to a ‘two-year retrospective‘ published by the Treasury this week.
Oct. 3 – the two-year anniversary of the Emergency Economic Stabilization Act that created TARP – marked the end of the authority to make new financial commitments under the program. According to the report, $204 billion of TARP funds have been repaid, and a quarter of the original $700 billion authorization remains outstanding.
About $500 million of the $45.6 billion allocated to Treasury housing programs has been spent.
SOURCE: U.S. Treasury Department