The TARP bailout of financial firms has yielded a return of 8.2% in two years.
This return, $25.2 billion on an investment of $309 billion, beats what could have been gained by U.S. Treasuries, high-yield savings accounts and certificates of deposit, Bloomberg News reported.
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When it was first announced, the TARP program was expected to cost the taxpayer billions of dollars. It is…
Continue reading TARP Investment Earned Taxpayers 8.2% in Two Years
TARP Investment Earned Taxpayers 8.2% in Two Years originally appeared on DailyFinance on Wed, 20 Oct 2010 07:04:00.
Filed Under: Company News, Economy, Investing, Taxes, Credit, Market News