Tuesday, December 07, 2010

Treasury Blog

The Treasury Department has started a Treasury Blog "By: Tim MassadTuesday December 7, 2010
Yesterday, Treasury announced that it had sold its final share of Citigroup common stock. We once owned more than a quarter of the company. Today, we can say that we’ve fully exited our common stock TARP investment. And, in the process, made taxpayers a $12 billion profit. In the last several weeks, we’ve continued to see strong evidence that TARP has proven successful at breaking the back of an intense financial panic and laying the foundation for future economic growth – at a significantly lower cost to taxpayers than anyone first anticipated."

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