Jon Prior at Housing Wire is reporting that the GAO is now estimating the cost of the Troubled Asset Relief Program to increase by 10 billion.

Money quote:

The estimated cost of Troubled Asset Relief Program transactions through the third quarter increased to $28 billion, the Government Accountability Office said Thursday.

The GAO raised its estimate from $18.5 billion in January for all transactions that took place through the third quarter of 2010.

From 2008 through Oct. 3, 2010, the Treasury Department invested $245 billion in banks and $80 billion into the auto industry.

I supported TARP previously, and still do, but there is no denying that it has become a bigger mess than I think Treasury or the Bush Administration ever imagined.

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