Archive for the 'TARP' category

TARP has been FULLY Repaid!

The Treasury Department just released a nice bit of news going into the weekend.  The money lent to banks by way of the Troubled Asset Relief Fund, aka bailout,  has been fully repaid to the  United States Government.  So the economy was saved and the taxpayers benefited to the tune of $23 billion!!!!!!

WASHINGTON—The Treasury Department on Friday said the money repaid to taxpayers for government funds used to bail out U.S. companies has for the first time surpassed the amount of loans.

The Treasury, in its May report to Congress on the Troubled Asset Relief Program, said TARP repayments reached $194 billion, $4 billion more than the outstanding debt of $190 billion.

 

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