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Subject: Obama: =?windows-1252?Q?=91We_Got_Back_Every_Dime=92_o?=
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Date: Mon, 15 Oct 2012 22:23:18 -0700
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Obama: ‘We Got Back Every Dime’ of Bailout; CBO: Bailout Will Lose $24 
Billion
By Matt Cover
October 15, 2012



Obama 2012

President Barack Obama does the sign of "The U" as he arrives a campaign 
event at the University of Miami, Thursday, Oct. 11, 2012, in Coral 
Gables, Fla. (AP Photo/Lynne Sladky)

(CNSNews.com) – President Barack Obama said on Thursday that “we got 
back every dime we used to rescue the financial system."

According to the Congressional Budget Office, however, the government 
will lose about $24 billion on the bailout.

“We got back every dime we used to rescue the financial system, but we 
also passed a historic law to end taxpayer-funded Wall Street bailouts 
for good,” Obama said in Miami Thursday.

The Congressional Budget Office--based on figures from Obama’s own 
Office of Management and Budget---gives a different assessment.

“The cost to the federal government of the TARP’s transactions (also 
referred to as the subsidy cost), including grants for mortgage programs 
that have not yet been made, will amount to $24 billion,” said the CBO 
report, which was released on the same day Obama spoke.
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