NO Tarp was NOT paid back with a profit.
You're wrong. By a lot.
Overselling TARP: The Myth of the $15 Billion Profit | National Review
It could additionally be argued that some of the funds paid back aren’t truly “paid back” at all, since they were paid back in a manner that’s equivalent to paying off credit card debt with another credit card.
As noted above much of it was paid back with other government programs that were never paid back or ever intended to be paid back.
You should post the dollar amounts of these "other government programs".
You'd see how small they are compared to the TARP loans.
While size is irrelevant to the point..... We don't even have a clue how much the Fed paid banks in interests because they refuse to be audited.
It was pretty well established that Harp failed to do what it was supposed to do. All of these things add up and are what is noted about by paying off one card with another.
Then you add in things like how the Reserve paid the banks interest on the money they gave the banks to start with.
Where did you get this stupid idea that the Fed "gave" the banks any money at all?
Federal Reserve Board - Interest on Required Reserve Balances and Excess Balances
The Reserve gave the banks money. Made them put some of it back and paid the banks interest on that money. It's not my fault you are clueless as to what went on.
That's a pretty sweet deal. Someone gives you billions and then pays you interest to not use some of it.
It could additionally be argued that some of the funds paid back aren’t truly “paid back” at all, since they were paid back in a manner that’s equivalent to paying off credit card debt with another credit card.
It could, if you're really bad at math.
The bank TARP was $245 billion.
How much were these other programs?
While size is irrelevant to the point.....
Irrelevant? DURR.
If a newer program like HARP, $21 billion, is supposedy used to pay back $245 billion, you're damn
right the size is relevant.
We don't even have a clue how much the Fed paid banks in interests because they refuse to be audited.
The Fed refuses to be audited?
You were talking about TARP. Let's clear up your errors one at a time.
The Reserve gave the banks money.
You're confused, seriously. Profoundly confused.
The Federal Reserve didn't "give the banks money".
Made them put some of it back
What the hell are you talking about?
Loans from the Federal Reserve are different than TARP from the Treasury.
All the short term loans from the Fed Discount Window were long ago repaid.
The special lending facilities (TSLF, TALF, CPFF, AMLF, PDCF) stopped extending credit after 2010.
That's a pretty sweet deal. Someone gives you billions and then pays you interest to not use some of it.
Loaned them billions. As far as "using some of it", reserves end up at the Fed whether banks
"use it" or not, but your ignorance is so comprehensive, I don't expect you to understand.
