Obama Failure Bailouts To Hit $23.7 Trillion According To TARP Chief

NewsMax Lead Story July 20, 2009 @ 6:10pm

Bailouts to Hit $23.7 Trillion, TARP Chief Says



The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.



Under the worst of circumstances, the report said, the government's maximum exposure could total nearly $24 trillion, or $80,000 for every American.



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