TARP Calculator

The $700 billion TARP fund was created in October 2008 to enable the Treasury Secretary to purchase or insure troubled assets, but ended up being used to bail out banks and auto makers. In its Preliminary Analysis of the President's Fiscal 2011 Budget, the CBO revised its net 10-year cost estimate for TARP to $109 billion over the life of the program. Most of that cost is projected to stem from the assistance to the automotive industry, payments from a program providing incentives to mortgage servicers to reduce monthly payments, and potential costs for future activities.