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04-03-2010, 06:38 PM #1
Treasury says bailout repayments reach $181 billion
Treasury says bailout repayments reach $181 billion
WASHINGTON
Fri Apr 2, 2010 5:35pm EDT
WASHINGTON (Reuters) - The U.S. Treasury Department on Friday said total bailout repayments have reached $181 billion with the receipt of $3.4 billion from insurer Hartford Financial Services Group and another $1 billion installment payment from General Motors Co.
The Treasury said in a statement repayments to the Troubled Asset Relief Program are running well ahead of 2010 repayment projections made last fall.
It currently estimates that $245 billion in bank investments, including larger bailouts of Citigroup and Bank of America, "will earn a profit thanks to dividends, interest, early repayments and the sale of warrants".
U.S. taxpayers have received a total of $14 billion through interest and dividends, the Treasury said, adding that total could be "considerably higher" by the end of 2010.
(Reporting by David Lawder; Editing by Andrew Hay)
http://www.reuters.com/article/idUSTRE6312FZ20100402NO AMNESTY
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04-03-2010, 06:46 PM #2
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04-03-2010, 07:37 PM #3U.S. taxpayers have received a total of $14 billion through interest and dividends"When you have knowledge,you have a responsibility to do better"_ Paula Johnson
"I did then what I knew to do. When I knew better,I did better"_ Maya Angelou
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