"Paulson Plan" has deprived the U.S. taxpayers 78 billion dollars.

KommentariiPlanov gromade16.01.2009Kongress old program has supported the U.S. rescue the U.S. economy and to take up novoyProgramma Troubled Asset Relief Program (TARP), also known as the "Paulson plan" has cost American taxpayers at least in 78 billion dollars of losses, reported Bloomberg. A large portion of the program went on the recapitalization of the banking system of the United States. In exchange for a larger infusion of 254 billion dollars U.S. Treasury has received assets amounting to 176 billion.
"This is a conservative estimate - said Congressman from Florida, Alan Grayson (Alan Grayson). - It is possible that these assets are worth nothing at all. In fact, this mass distribution of money to financial institutions to rectify their mistakes by using taxpayers' .
In December, responsible for the management of the U.S. administration's TARP officer Neil Kashkar said that the Government does not expect to get a return on investment immediately. " According to him, the goal is to stabilize the financial system.
To support the financial system on the "Paulson Plan" has been allocated 700 billion dollars. Exactly half of those funds already spent, with most of the money went to the recapitalization of leading U.S. banks. The main objective of the program was to improve balance sheets of banks affected by the financial crisis in the country. The plan from the outset has been criticized by both Republicans and Democrats.