U.S. taxpayers might enjoy a profit from troubled-asset investment

08/27/2010 | New York Times (tiered subscription model), The

The Obama administration's Public-Private Investment Program, which invested in complex mortgage securities when the market dried up, is on the verge of delivering a big payoff. The 9-month-old program has created an estimated return of about 15.5%, according to an analysis by a professor at the University of Louisiana at Lafayette. For U.S. taxpayers, that amounts to a $657 million paper profit.

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