Treasury Turns a Profit on TARP

April 6, 2011 at 12:30 am Leave a comment

Last week, the United States Department of the Treasury announced that TARP has returned approximately $6 billion dollars to taxpayers.  Over the last few years, Treasury invested $245 billion of TARP funds into the banking system.  As of March 30, 2011, Treasury has recovered $251 billion.  Treasury estimates that over the life of the TARP program, U.S. taxpayers will receive approximately $20 billion in profit.

So much for the so-called “bailout.”

Click here to read the Treasury’s announcement.

Entry filed under: Uncategorized.

Loan Originator Compensation Rule Delayed Karen Garrett Featured Panelist at Regulatory Compliance and Risk Management for Financial Services Forum

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