As we approach the one-year anniversary of the Panic of 2008, it’s clear that the actual cost of the TARP will be a fraction of the original $700 billion estimate and that taxpayers are even turning a profit from the central component of the package.
Slate: TARP could have cost taxpayers $700 billion
I can’t wait until the GOP arguments that TARP’s successes are due to W start. And I fully expect to hear spin that it would have failed if Obama got his way. I’m also looking forward to the random libertarian spit-balls on how TARP actually made things worse.