Loss Aversion

Suderman, Peter
February 2011
Reason;Feb2011, Vol. 42 Issue 9, p14
The article reports on the U.S. Troubled Asset Relief Program (TARP), the 700 billion dollars bailout passed in 2008 after Wall Street meltdown and probes the veracity of the Treasury Department's reports on TARP which say the loss was a measly 5 billion dollars. However, according to Neil Barofsky, the inspector general assigned to monitor TARP, the Treasury Department quietly changed its accounting methods to make TARP losses seem far smaller than they actually were.


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