U.S. set to make $8 billion from bailing out Citi

[alfred russel]

Apparently it is looking like AIG isn't going to be especially expensive either (losses maybe in the $15 billion range). At the end of the day TARP may be a major success story. (at least the parts that didn't go to auto makers)

[Admiral Yi]

Apparently it is looking like AIG isn't going to be especially expensive either (losses maybe in the $15 billion range). At the end of the day TARP may be a major success story. (at least the parts that didn't go to auto makers)

I think some of it was used for home weatherization and mortgage reduction too.

[DGuller]

The funny thing about weatherization is that the money could be much better used on the condos that the rich people have, than the old houses that the poor people have.  All of those new shitboxes that were built during the boom are of very shoddy construction when it comes to insulation.

[alfred russel]

I think some of it was used for home weatherization and mortgage reduction too.

I thought at least home weatherization was stimulus, but it doesn't matter--both of those programs are failures because very few took advantage of them, and hence not very especially expensive. 

[MadImmortalMan]

Some states haven't renovated a single house yet.

I want to upgrade my kitchen and get a tankless water heater. Can I get some stimulus? I am going to do it anyway, so it's a waste if so...

[Admiral Yi]

There was a discussion of TARP today on NPR.  Some economist said we're going to end up losing half the 80 billion* we put into auto makers.  On top of that we're going to lose all the 190 billion we put into Freddie and Fannie, which as a seperate program from TARP.

I recall the number 40, but I can't remember for sure if that was the half or the whole.  So either we lose 40 of 80 or 20 of 40.