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TARP Cost estimate lowered again

LA Times (via John Chait). The projected cost of the $700-billion financial bailout fund — initially feared to be a huge hit to taxpayers — continues to drop, with the…

Musical Interlude

…is Gregg Sommerville, whose job depends to some significant extent on people not believing the following riff: More music below the fold. The Bailout Rap and the Subprime Mortgage Blues…

TARP, Yet Again: Inflationary?

…being made on the bailout funds. As Bruce Webb noted here at the time: These early returns are by no means a full accounting of the huge financial rescue undertaken…

Wells Fargo: the FDIC didn’t blink, so Paulson intervened?

…increases buyers’ ability to realize tax benefits from bank acquisitions,” Harte wrote in a note issued Friday. The change “could spur significant bank industry consolidation,” he said. “We suspect that…