The US government has now made a profit of $18 billion on the bank bailout portion of the $700 billion TARP fund. The largest outstanding bank loan is now the $1.4 billion bailout advance to Zion Bancorp. (NASDAQ: ZION).
Of the initial TARP fund, about $32 billion is not expected to be returned. The bailout of American International Group Inc. (NYSE: AIG) and the US auto industry bailout account for most of that money.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
Our top personal finance-related articles today. Your wallet will thank you later.
Top Gaining Stocks
Top Losing Stocks