The Campaign Spot

$4 Trillion in Government Spending Gets . . . ‘Mixed’ Results

From the six-month review of TARP:

The total value of all direct spending, loans and guarantees provided to date in conjunction with the federal government’s financial stability efforts (including those of the Federal Deposit Insurance Corporation (FDIC) as well as Treasury and the Federal Reserve Board) now exceeds $4 trillion. This report reviews in considerable detail specific criteria for evaluating the impact of these programs on financial markets. Six months into the existence of TARP, evidence of success or failure is mixed.

Thanks for going out on a limb, guys.

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