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Obama: 'We Got Back Every Dime' of Bailout; CBO: Bailout Will Lose $24 Billion

Posted: October 16, 2012 |   Comments

(CNSNews.com) - President Barack Obama said on Thursday that "we got back every dime we used to rescue the financial system."

According to the Congressional Budget Office, however, the government will lose about $24 billion on the bailout.

"We got back every dime we used to rescue the financial system, but we also passed a historic law to end taxpayer-funded Wall Street bailouts for good," Obama said in Miami Thursday.

Read more here: http://cnsnews.com

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