Quote:
The Treasury Department expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, with the portion lent to banks actually showing a slight profit, according to a new Treasury report.
TARP was a Bush administration program, and I'll give him credit: It seems to have worked. We did not enter Great Depression II. And if the banks are going to pay most of it back, then all the better. (The $42 billion they're not getting back was from banks that actually did roll under.)
Obama will announce, however, that he'd like $200 billion of the paid back TARP funds to be rolled over into a jobs creation program, separate from the economic stimulus and from TARP. The meta economy may have recovered, but individuals in America are still suffering.