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Treasury Turns Profit From TARP

The U.S. Department of the Treasury reports that it has made a profit so far of some $6 billion from its Trouble Asset Relief Program after three more banks repaid a total of $7.4 billion.

The U.S. Department of the Treasury reports that it has made a profit so far of some $6 billion from its Trouble Asset Relief Program after three more banks repaid a total of $7.4 billion. Tim Geithner, the Treasury secretary, says taxpayers to date have recovered $251 billion from an initial investment of $245 billion and may eventually see the return grow to $20 billion.

Click here to read the release from the Department of the Treasury.

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