Government has spent $3 trillion (and counting) on financial crisis

The government so far has spent $3 trillion to stem the financial crisis, said Neil Barofsky, the Special Inspector General for the TARP.

"It's about $3 trillion -- all in, with all the various programs and support [for] the financial industry," Barofsky told lawmakers participating in a Senate Finance hearing on the bank tax.  

The figure will be updated in Treasury's quarterly report due out in July and will include all payments made by all government entities. 

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