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 […]
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U.S. Ends Bailout Program with $15.3 Billion Profit
Posted in Business, Finance, Government
Also tagged bailout, banks, profit, TARP, too big to fail, Troubled Asset Relief Program, US
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