Tag Archives: Treasury

Bank bailout makes money for taxpayers

Bailing out banks is proving to be a money-maker for U.S. taxpayers. Whether or not you agree with the politics of the bailout, there’s no denying the Troubled Asset Relief Program has paid off for the U.S. Treasury.

Stimulus+Checks.jpgMost of the money has been repaid, although a handful of banks have yet to pay us back for keeping them alive.

“Of the $205 billion the Treasury doled out to 707 banks, $137 billion has been repaid. From the 61 banks that have fully repaid, the Treasury has earned a tidy $13 billion profit,” Forbes.com reports.

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China, Citigroup and more

Highlights from the Rant$ and Rave$ blog roll:

As if U.S. auto makers didn’t have enough trouble, China appears ready to push its way into the global auto market.

The Curious Capitalist describes what Chinese auto maker Geely’s purchase of Volvo from Ford really means.

Barron’s Stocks To Watch talks about gold, oil, inflation and the U.S. Treasury announcement that it will sell its Citigroup shares this year.