Bank Bailouts Turning a Profit for the Federal Government

Bank Bailout Turning Out to Be A Good Investment for the US
Published: Monday, 31 Aug 2009 | 10:35 AM ET Text Size By: Zachery Kouwe
The New York Times

Nearly a year after the federal rescue of the nation’s biggest banks, taxpayers have begun seeing profits from the hundreds of billions of dollars in aid that many critics thought might never be seen again.

The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent annually, according to calculations compiled for The New York Times.

These early returns are by no means a full accounting of the huge financial rescue undertaken by the federal government last year to stabilize teetering banks and other companies.
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