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With Fifth Third Out, Banks Have Repaid 99% of TARP
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| Parent(s) |
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| Contributor | RP |
| Last Edited | RP Mar 17, 2011 12:22pm |
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| Category | Report |
| Author | JEFF BATER AND JOHN KELL |
| Media | Newspaper - Wall Street Journal |
| News Date | Thursday, March 17, 2011 01:50:00 PM UTC0:0 |
| Description | Six banks repaid nearly half a billion dollars in funds they received from the government bailout of Wall Street, the Treasury Department said, bringing the total bank repayment under the Troubled Asset Relief Program to 99%.
After more repayments this week, the Treasury announced taxpayers have recovered about $244 billion of the $245 billion in TARP funds disbursed to banks.
The Treasury currently estimates that bank programs within TARP will ultimately provide a lifetime profit of nearly $20 billion to taxpayers |
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