Treasury reaps more than $10 billion on TARP repayments

An analysis of the U.S. government's Troubled Asset Relief Program shows that the Treasury Department has made more than $10 billion on the financial sector's portion of the program. The analysis, by consultancy SNL Financial, suggests that taxpayers could actually turn a profit. The 8.5% annualized return earned on 49 banks' preferred stock and warrants is less than that of other investments in the sector, but it might be enough to cool political backlash against using government funds to help the banking industry.

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