Thursday, May 27, 2010

BankWatch: TARP Investments Lead to Huge Losses for U.S. Treasury

The Daily Finance reports:
As struggling banks get acquired or fail, the U.S. Treasury is shouldering a growing burden: Its investments in TARP are turning out to be a bust, leading to huge losses. And there are signs of more trouble ahead.
You'll want to read the whole article. Where would TARP have been without Senate Obama voting for it? The government as an investor is a grand failure.