The total exposure of the US government to the financial crisis could hit $23.7 trillion, according to a watchdog report. Neil Barofsky, overseeing the Troubled Asset Relief Programme (Tarp), made the estimate in prepared remarks to a House of Representatives committee. The worst-case estimate represents the maximum exposure if all parties offered support requested maximum assistance. The figure includes all government and Federal Reserve initiatives.
That’s a huge amount of assets the US government is now involved in.
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That’s a huge amount of assets the US government is now involved in.
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