Oct
20
Bailout of Wall Street Returns 8.2% Profit to Taxpayers Beating Treasuries
ByBailout of Wall Street Returns 8.2% Profit to Taxpayers Beating Treasuries
The U.S. government’s bailout of financial firms through the Troubled Asset Relief Program provided taxpayers with higher returns than they could have made buying 30-year Treasury bonds — enough money to fund the Securities and Exchange Commission for the next two decades.
Read more on Bloomberg