Treasury estimates TARP will cost far less than expected

10/1/2010 | CNBC · New York Times (tiered subscription model), The

The Treasury Department has estimated that the Troubled Asset Relief Program will cost about $50 billion, much less than originally forecast for the effort. The government has earned about $20 billion through TARP from interest on loans extended to financial institutions, but it likely will incur losses on loans made to automakers and homeowners. The program officially ends Sunday, after which the Treasury can no longer tap the fund.

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CNBC · New York Times (tiered subscription model), The

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