Treasury Secretary Geithner says bailout will cost less than $25B

BY: Associated Press
POSTED: December 16, 2010
Tags: bailout, congressional budget office, democrats, Economy, fannie mae, financial crisis, freddie mac, president obama, republicans, sen. ted kaufman, timothy geithner, treasury secretary, washington

WASHINGTON — Treasury Secretary Timothy Geithner said Thursday that the $700 billion financial bailout will end up costing taxpayers less than congressional analysts have estimated. The Congressional Budget Office has estimated that taxpayers will lose $25 billion on the rescue of banks, other financial institutions and automakers that came in at the peak of the [...]