Thursday, June 11, 2009

Coincidence?

. Thursday, June 11, 2009

Yesterday it was announced that 10 companies would be exiting the TARP plan, paying back with interest all the money borrowed from the government.

Today it was announced that 7 companies, including several still on TARP plus GM and Chrysler, would have their executive pay set by a Treasury-approved lawyer.

FWIW, the government turned a profit on the companies that paid back the loans. This is not to say that TARP will make money overall; but the final cost to taxpayers should be well under the $700bn sticker price on TARP.

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Coincidence?
 
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