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by gruez
1181 days ago
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The dollar amounts aren't really comparable considering that anti-poverty spending is a handout whereas the bailout under TARP was in exchange for assets. >The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector [...] >Through the Treasury, the US Government actually booked $15.3 billion in profit, as it earned $441.7 billion on the $426.4 billion invested https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program |
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Turning $426B in 2009 into $445B in 2014 comes out to an 0.76% ROI, so not exactly a good deal for anyone but the shareholders who didn't lose their shirts.