TARP Could Be Watershed For Taxpayers

Banks have been repaying the loans they received last fall at a steady pace. The treasury department has received their principle and 8% interest from over 30 banks. Additionally, the treasury has made some tidy profits on the stock warrants the received as part of the bailout package. Some of the big profits for the government include $950 million from Morgan Stanley, $340 million from American Express, and $1.1 Billion from Goldman Sachs.

Is it possible that the TARP program could pay for itself and provide extra fund to cover some of the other items in the stimulus package?

Stay tuned!