As if there wasn't enough news about the banksters to infuriate people, now there's this.
Bailing out the financial sector will cost taxpayers $167 billion more than originally anticipated, according to a Congressional Budget Office estimate.Yet somehow, Wall Street is treated differently than Big Auto. As bad as Detroit may be, the numbers aren't even close yet the treatment of executives is completely different.
The original figure in January was $189 billion, but it is now $356 billion — $152 billion more for 2009 and $15 billion more next year, the CBO says in its March report updating the budget and economic outlook.
The CBO raised its projection because yields have increased on securities issued by the bailed-out financial institutions under the $700 billion Troubled Asset Relief Program.
