Third in a series of briefings to the media on the need for greater transparency and accountability in the government’s TARP and other Wall Street bailout programs; In this issue: TARP report card and understanding Citi
CEPR: produces calculations of the amount of money being dispersed by the government to the 16 primary dealers and investment banks who qualify to borrow through these facilities under the assumption that each borrows in proportion to its assets. The study then uses Fed data on the interest rate charged for loans from these lending facilities to calculate the potential subsidy in this lending