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Indeed, according to the official source [0], TARP has recovered 112% of the funds it distributed to banks. The Treasury only has $900 million outstanding withi
by jdmichal 12y ago
Indeed, according to the official source [0], TARP has recovered 112% of the funds it distributed to banks. The Treasury only has $900 million outstanding within that category, of the original $245.1 billion that was dispersed. Going by just the numbers, this article would find a much more sympathetic audience in discussing the auto bailouts, of which only 86.3% has been recovered and, with only $1.4 billion outstanding, has already pretty much been written off as a losing program.
Disclaimer: I'm not in any way saying that there aren't issues to be resolved. But time has shown that the TARP-related aspects of this scenario turned out positively.
[0] http://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx#Bank http://www.treasury.gov/initiatives/financial-stability/repo...