The Treasury Department is booking an 8.5 percent profit on investments in bailed out banks, according to a new survey.
American Express and Goldman Sachs ranked among the top five most profitable investments for taxpayers, according to SNL Financial, a market research firm that released the survey.
The survey looked at 49 companies that have repaid money and fully exited the $700 billion financial bailout Congress passed in 2008 in the thick of the worst financial crisis since the Great Depression.
http://thehill.com/blogs/on-the-money/banking-financial-institutions/90643-survey-tarp-driving-85-percent-profitI wonder how many of the people who called Congress to oppose this in September 2008 realized that they would be making a profit off of it?
