Big spender from the East

In a report today, the Congressional Budget Office tried to put a price tag on the bailout (PDF) through the end of last year. The answer: $64 billion.

...The subsidy cost, according to the report, is "the difference between what the Treasury paid for the investments or lent to the firms and the market value of those transactions."

Of course, since then, the Treasury has continued to dole out billions, so this report doesn't account for most of the loans to the auto companies or the billions more invested in Bank of America.

[From Budget Office Estimates Bailout Costs to Exceed $64 Billion - ProPublica]