by Daniel Brouse The FED tries to control our spending… and that ain’t easy. It seems to happen around election time — all these wacky posts about the FED. (Luckily, I’ve a degree in international economics for just such an occasion.) If you are posting about the FED, please remember these facts: * The FED […]
Tag Archives: TARP
U.S. Ends Bailout Program with $15.3 Billion Profit
The Troubled Asset Relief Program (TARP) ended when the Treasury sold its remaining shares of Ally Financial (the last remaining major bank.) The bailout program was originally $426 billion. The Treasury Department reports, “Treasury invested approximately $245 billion across five distinct bank programs. Each of these programs was established to accomplish different goals as part […]
Posted in Business, Finance, Government
Also tagged bailout, banks, profit, taxpayers, too big to fail, Troubled Asset Relief Program, US
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