Keeping track of who’s paying back.
By Gabriel Beltrone and Natalie Matthews of The Big Money
Ever drive by your local church or United Way office and see one of those huge motivational thermometers, showing just how far the community has to go before it meets its big goal? At TBM, that’s kind of how we feel about the Troubled Assets Relief Program, or TARP. With all those hundreds of billions of dollars doled out to the poor, deserving banking sector, we, along with patriotic leaders like Goldman Sachs, would like to see every penny restored to the taxpayer, and soon.
So, here’s our newest bailout tracking feature—the TARP-o-Meter. Going forward, we’ll use the TARP-o-Meter to display just how much money publicly funded banks have returned to Treasury coffers.
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