TARP: Report on Transactions Through June 17, 2009
I’m really impressed with SubsidyScope.com. The Pew Charitable Trusts have really put together a brilliant website.
Introduction (Via SubsidyScope)
The estimated subsidy rate for transactions made under the Troubled Asset Relief Program has risen by 4 percent, according to a recent report by the Congressional Budget Office. In January, the CBO estimated the subsidy rate – the percentage of the initial TARP disbursement that reflects the true cost to the federal government of purchasing shares of stock from financial institutions – to be 32 percent, based on $293 billion in transactions. In a June 17 report, the CBO subsidy rate estimate rose to 36 percent, based on $439 billion in transactions. The new estimate includes assistance to the auto industry and $70 billion in repayments by TARP recipients.
Click Here For The TARP: Report on Transactions Through June 17, 2009
July 2nd, 2009 at 2:04 pm
Miguel,
On behalf of the Subsidyscope team, we’re glad you’re impressed. Just wait, in a few weeks we’ll expand the site to include data regarding transportation subsidies. That will provide even more for folks to chew on!