Goldman Sacks announced last week it would payback the 10 billion in TARP money it received. Other banks have also started payback. GM announced it will repay 5.6 billion completing it's payment of 8.4billion in loans. The government will soon start receiving payments from AIG as some assets are sold. Even thou loans are being repaid with interest it is very unlikely that the government will get all its money back. However, this is a far brighter picture than was painted a year ago. So, looking back, should Congress have done the bailouts?
Goldman Sachs to return $10B of bailout money - USATODAY.com
Detroit brightens, but bailout payback is elusive - The Globe and Mail
Goldman Sachs to return $10B of bailout money - USATODAY.com
Detroit brightens, but bailout payback is elusive - The Globe and Mail