Watchdog: Financial Bailout Support Could Reach...

[mndapa1]

$23.7 Trillion Dollars. You heard it..that is Trillion with a capital T!!! Oh...lets just say 24 Trillion...huh...what is the difference?

The total price tag for federal support stemming from the financial crisis could reach $23.7 trillion in the long run, the government's top bailout watchdog says in a new report to Congress.

www.foxnews.com/politics/2009/07/20/watchdog-financial-bailout-support-reach-trillion/

Neil Barofsky, the inspector general for the Troubled Asset Relief Program, plans to deliver his report Tuesday to the House Oversight and Government Reform Committee.

The $23.7 trillion figure is admittedly a high-ball number and reflects the total potential gross exposure, but Barofsky in his prepared testimony notes that the TARP -- which started as a $700 billion bailout -- has expanded well beyond that.

"TARP has evolved into a program of unprecedented scope, scale and complexity. Moreover, TARP does not function in a vacuum but is rather part of the broader government efforts to stabilize the financial system," the report says.

"The total potential federal government support could reach up to $23.7 trillion," the report estimates, factoring in commitments from "dozens of programs" implemented throughout the federal government since 2007.

Sorry, but I think I must go and throw up.

[colonelbuckrobely]

Sick, just plain sick. I don't know what else to say. I am going to join you in the vomitorium. I don't understand how these buffoons can sleep at night knowing what they have done to America. Just plain sick!