TARP profit claim bugs skeptics: The Treasury Department’s bank investments are paying dividends. But saying they have earned $6 billion for taxpayers, as Tim Geithner did, is a stretch.Tuesday, August 4th, 2009
NEW YORK (Fortune) — The markets are on a roll, but it’s still a tad early for Treasury Secretary Tim Geithner to be counting his bailout winnings.
Geithner said this past weekend that taxpayers have made a small profit on their investments in banks via the Troubled Asset Relief Program. “We’ve already earned about $6 billion for the taxpayer on those investments,” Geithner said Sunday on ABC’s “This Week.”