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An Update on the Wind Down of TARP's Bank Programs
Posted to: Around The Web
Tuesday, December 18, 2012 3:43 AM

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TARP's bank investment programs played a critical role in stabilizing the economy during the 2008-09 financial crisis. And – though cost isn't our ultimate measure of success – those programs have also earned a significant profit for taxpayers. Treasury invested a total of $245 billion and has already recovered $268 billion through repayments, dividends, and other income – representing a $23 billion positive return for taxpayers to date. Of course, TARP was always meant to be a temporary, emergency program. The government shouldn't be in the business of owning stakes in private companies for an indefinite period of time. That's why, after we extinguished the immediate financial fire, we began moving to exit our investments and replace temporary government support with private


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