Saturday, August 29, 2009

Remember When TARP Was Sold as an Investment?
And not just a bunch of money we simply threw out the window to save the financial system? Well, it turns out we are actually making a profit on some of it. The $700 billion original cost is shrinking as banks pay back the US Treasury - and then some. By the time the whole thing plays out, we may even break even on the deal (with the added bonus of perhaps avoiding the complete meltdown of the economy in a global depression).

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