GAO Says Geithner Wrong: Only $32.6B in TARP
On "This Week" Sunday, Treasury Secretary Tim Geithner told me that there was about $135 billion left in the TARP fund, the government's financial rescue package.
But the Government Accountability Office, a non-partisan federal agency, reports that figure is closer to $32 billion, which is what ABC News and other independent analysts thought.
The Treasury Department continues to insist GAO and others are double-counting commitments and underestimating potential paybacks.
An official Treasury response to come ...
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