TARP Investment Earned Taxpayers 8.2% in Two Years
This return, $25.2 billion on an investment of $309 billion, beats what could have been gained by U.S. Treasuries, high-yield savings accounts and certificates of deposit, Bloomberg News reported.
"From the perspective of the taxpayers getting their money back, TARP has been a great success," Todd Petzel, chief investment officer at New York-based Offit Capital Advisors LLC told Bloomberg News.
The government's investment in automakers General Motors Co. and Chrysler LLC has been less successful. The government expects to lose about $17 billion on its $80 billion investment.