The Truth-o-Meter says: Mostly False | Bill Clinton says TARP turned a profit
The financial crisis of 2008 spawned some new terminology -- "too big to fail" and the Troubled Asset Relief Program. TARP, as it's more commonly known, is the $700 billion in government money set up to rescue banks such as Goldman Sachs, Citigroup, Bank of America, and a host of other financial entities, big and not so big. There were dire predictions on TARP’s final cost to taxpayers. The Congressional Budget Office said it could top $350 billion. But the payback was higher than expected, which former President Bill Clinton mentioned during ...
>> MoreRead Entire Story: Politifact.com Truth-O-Meter rulings from National



