U.S. Sees a Profit as Banks Repay Bailout Money

U.S. Sees a Profit as Banks Repay Bailout Money

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money.gifTaxpayers have begun seeing profits from roughly $240 billion in TARP aid that many critics thought might never be seen again.

The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent interest annually.

(Continue reading in the New York Times)

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