U.S. Government Made a $15 Billion Profit on the Bailout

$15.35 billion

Amount of profit the government bailout of banks and auto makers made. “In all, through TARP and other efforts, taxpayers injected $426.35 billion into banks and auto companies. The sale of stock and interest payments brought in $441.7 billion,” the New York Times reports. “Six years after President George W. Bush began the auto bailout, the Obama administration on Friday declared a profitable end to the sweeping federal interventions in Wall Street and Detroit, saying a final sale of stock from General Motors’ former finance arm had closed a turbulent chapter of the financial crisis.”

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