TARP Investment Earned Taxpayers 8.2% in Two Years

by | Oct 20, 2010 | Towing

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…

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TARP Investment Earned Taxpayers 8.2% in Two Years originally appeared on DailyFinance on Wed, 20 Oct 2010 07:04:00.

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FBI Reportedly Investigating Foreclosure Crisis

by | Oct 20, 2010 | Towing

The FBI is trying to determine if large lenders broke the law in the mortgage foreclosure crisis.

The agency is trying to determine whether individuals working for large mortgage lenders acted with criminal intent or were simply overwhelmed by events during the crisis, The Associated Press reported without naming its sources.

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Attorneys general in all 50 states are currently…

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FBI Reportedly Investigating Foreclosure Crisis originally appeared on DailyFinance on Wed, 20 Oct 2010 06:32:00.

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