10-15-2010, 05:26 PM
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#18
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Thats "Miss Zipper Neck" to you.
Join Date: Sep 2006
Location: little town (but not the littlest) in texas
Posts: 2,957
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Gotta back up TW
http://en.wikipedia.org/wiki/Trouble...Relief_Program
Quote:
The Troubled Asset Relief Program, commonly referred to as TARP or RCP, is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector which was signed into law by U.S. President George W. Bush on October 3, 2008. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.
Originally expected to cost the U.S. Government $356 billion, the most recent final net estimate of the cost, as of October 5, 2010, will be close to $30 billion, including expected returns from interest in AIG.[1] This is significantly less than the taxpayers' cost of the savings and loan crisis of the late 1980s. The cost of that crisis amounted to 3.2% of GDP during the Reagan/Bush era, while the GDP percentage of the current crisis' cost is estimated at less than 1%.
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From wiki, but nonetheless as far as I know it matches other sources.
__________________
Addicts may suck dick for coke, but love came up with the idea to put a dick in there to begin with.
-Jack O'Brien
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