TARP Profit Is ‘Misconception’

The Treasury Department tends to give glowing reviews to the TARP bailout, but the program’s inspector general has a distinctly different view. "It is a widely held misconception that TARP will make a profit," writes Christy Romero in a new report to Congress, according to the Huffington Post. She notes in particular that 351 smaller banks that got loans are struggling to repay them, reports the Wall Street Journal.

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