Thursday, October 21, 2010

TARP Still Making Money

. Thursday, October 21, 2010

Bloomberg:

The government has earned $25.2 billion on its investment of $309 billion in banks and insurance companies, an 8.2 percent return over two years, according to data compiled by Bloomberg. That beat U.S. Treasuries, high-yield savings accounts, money- market funds and certificates of deposit. ...

The $25 billion TARP return could fund the SEC for more than 20 years, based on the agency’s proposed 2011 fiscal year budget. It could pay for all farm subsidies in the U.S. for more than two years.


I've been beating this drum for awhile now, but it's worth returning to every now and then. We didn't lose hundreds of billions saving the banking sector. We bought depressed assets at low prices. Now that the assets are appreciating in value, we're making money.

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TARP Still Making Money
 
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