US Treasury slashes forecast for cost of Tarp


Large returns on troubled assets bought under the government's Trouble Asset Relief Programme (Tarp) are expected to radically reduce the cost to government for bailing out US institutions during the financial crisis.

In a review marking the second anniversary of the programme's passing through Congress, the US Treasury on Tuesday said it estimated the combined cost of Tarp and other Treasury initiatives during the crisis to fall to $30 billion. The figure is $320 billion less than the Congressi

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