Don't be fooled by talk that TARP is nearing breakeven, Barry Ritholtz writes. TARP + GSEs =...

|By:, SA News Editor
Don't be fooled by talk that TARP is nearing breakeven, Barry Ritholtz writes. TARP + GSEs = $256B in the red, not counting "lost income from savings, bonds, etc., the increased costs of food and energy due to inflation (the Fed has done this on purpose as part of their rescue plan), the higher fees the reduced competition of megabanks has created, and the future costs our moral hazard."