Showing posts with label Pelosi bailouts taxpayer costs trillions. Show all posts
Showing posts with label Pelosi bailouts taxpayer costs trillions. Show all posts

Tuesday, August 18, 2009

Total expected losses from financial bailouts

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.