Sounds good, net:net, the bank portion of TARP made the Treasury over $22 billion.
To me, the TARP program was a failure in that it prevented capitalism from actually working - punishing the stupid with failure
Stupid bankers weren't punished? Really?
No, stupid bankers were not punished.
If they had been, then Citigroup would have ceased to exist. BofA would be broken up and out of business today. Their books are packed with crap debt.
BofA obviously never did even a hint of due diligence on their acquisition of Countrywide, and that should have been their death penalty.
Playing stupid games should merit stupid prizes.