Losses for TARP drop from $341 billion to $117 billion

03/2/2010 | Wall Street Journal, The

The Treasury Department estimated that losses for its Troubled Asset Relief Program will be about $117 billion. The figure was revised down from $341 billion after companies, including American International Group, raised money to repay the government. AIG's effort is "further evidence that our strategy is working," said Andrew Williams, a Treasury representative.

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