[lbo-talk] TARP to turn a profit?

Doug Henwood dhenwood at panix.com
Thu Dec 24 18:35:29 PST 2009


[from Politico's Morning Money]

PROFIT TO BE MORE THAN $16 BILLION, according to Treasury: 'TARP programs aimed at stabilizing the banking system will earn a profit thanks to dividends, interest, early repayments, and the sale of warrants. Total bank investments of $245 billion in FY2009 that were initially projected to cost $76 billion are now projected to bring a profit. Taxpayers have already received over $16 billion in profits from all TARP programs and that profit could be considerably higher as Treasury sells additional warrants in the weeks ahead.



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