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U.S. Government TARP Returns Outperform 30-Year Treasury Bonds

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Here's something you might not easily uncover in the financial blogosteria universe: The U.S. government's returns on the bailout of banks through the Troubled Asset Relief Program beat out Treasuries, cash and CDs. Of the $309 billion invested in financial through TARP, the return over two years has been $25,2 billion, according to Bloomberg, a return of 8.2 percent, outpacing returns over the same period of the 30-year Treasury, money market accounts and certificates of deposit.

So far almost two-thirds of TARP has been repaid.

Of course, that doesn't get the taxpayer off the hook for the dozens, literally, of other backdoor bailouts that pushed the cost of the total financial system bailout to an estimated $4.72 trillion, based on data from the Real Economy Project of the Center for Media and Democracy, which produces the monthly-updated site SourceWatch.

As of September 24, of the $4.72 trillion disbursed through the various bailout programs, such as the Treasury Capital Purchase Program, Term Asset-Backed Securities Loan Facility (TALF) and the Federal Reserve's Asset Guarantee Program, among others, $1.93 remains outstanding with an estimated total at-risk of $13.86 trillion.
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