Thread: 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/idUSTRE6312FZ20100402

Whew! We need all the money we can get to take care of the illegals and their anchor babies!

U.S. taxpayers have received a total of $14 billion through interest and dividends

I didn't see a penny of that money