Taxpayers earned an 8.2% profit over 2 years on TARP

10/20/2010 | Bloomberg

The government has earned more than $25 billion on its investment of about $309 billion in financial institutions through the Troubled Asset Relief Program, an 8.2% return over two years, according to Bloomberg. The result is that taxpayers received a higher return than they would have by investing in Treasurys, money-market funds, certificates of deposit and high-yield savings accounts. Critics of the program, however, said there were indirect costs associated with the rescue of the banking system.

View Full Article in:

Bloomberg