Of the $3 trillion dollars committed to financial bailouts, how much will the taxpayer recover?
ZeroHedge, reporting about the Ethisphere TARP index gets a loss of around 40%. A paper by Fitch says we recovered 67% in the 1992 bailouts.
I will keep looking for estimates. I am interested in the recovery rates a few years down the road and the data is sparse.
Let me take a SWAG at this, and average the two loss rates, to 35%. In other words, taxpayers are on the hook over the next few years for $1.0 trillion as the troubled assets are disposed of.
So, Pelosi and Frank, who cannot get a trillion for health care just charged taxpayers a trillion because they panicked.
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