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Tue 07 Jul 2009US 'exposure to crisis $23.7tn' - report
US taxpayers may be on the hook for as much as $23.7 trillion to bolster the economy and bail out financial companies, according to Neil Barofsky, special inspector general for the Treasury’s Troubled Asset Relief Program.
The Treasury’s $700 billion bank-investment program represents a fraction of all federal support to resuscitate the US financial system, including $6.8 trillion in aid offered by the Federal Reserve, Mr Barofsky said in a report released last night.
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