Treasury overpaid to the tune of $78 Billion! WTF

The chairwoman of a Congressional TARP ovesight panel just dropped a bombshell nugget in a Senate banking Committe Hearing. She says that Treasury -- using TARP money -- vastly overpaid in its first 8 purchases -- to the tune of 78Billion dollars. This means that more than 10% of the 700 Billion in TARP funds were essentially wasted.

read more | digg story