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PBS: The true cost of the bank bailout

Much has been made of the $700 billion in taxpayer money used to bail out the banks in the Troubled Asset Relief Program (TARP). But Bloomberg News reporter Bob Ivry explains to NEED TO KNOW that the true cost was actually closer to $12.8 trillion.

Related Article @ Bernanke’s Obfuscation Continues: The Fed’s $29 Trillion Bail-Out Of Wall Street

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