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

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Enter your email address to follow this blog and receive notifications of new posts by email.

Produced & Maintained By

Stinson Leonard Street Logo

Categories

A legal resource for Banking & Financial Services

Archives


%d bloggers like this: