The good news is that the bailouts worked. The bad news is the bailouts worked.
The Treasury Department now estimates the taxpayers' loss on federal bailout programs will be $89 billion, or about a third of the more than $250 billion projected in previous estimates. The new estimate by the Congressional Budget Office puts the loss at less than 1% of gross domestic product and less than 3.2% of GDP the savings and loan crisis cost U.S. taxpayers 20 years ago.
Source: finance.yahoo.com
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