- Enough so that, combined with dividends and sales of warrants, Treasury has declared that taxpayers have earned a profit on the CPP.
- In finance and banking you always have to read the fine print.
- All of which is to say that these banks repaid cash owed to a program run by the Treasury Department by. . . borrowing from another program run by the Treasury Department.
- As important, the initiative offers banks that have yet to earn their way out of TARP a quick and easy exit. SBLF and TARP may each have four letters, but only the latter is regarded as a four-letter word. [emphasis added]
- Still, when combing through the reports of TARP exits, it's important to realize that many banks are simply swapping a government crutch for a cheaper government walking stick.
It's a public relations stunt which reassures the public that they are actually accomplishing something that they are not. Smoke and mirrors.
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