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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