Patience with TARP repayments may prove profitable for taxpayers

12/22/2009 | Forbes

The country's major banks, including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup, rushed to repay the funds they received through the Troubled Asset Relief Program. So far, $146 billion of the $205 billion the Treasury lent to the banks has been repaid. Many smaller financial institutions that received aid, however, are not in a rush to repay their TARP funds, and that may bode well for taxpayers as most of the money is expected to be returned with interest.

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