December 19, 2012
The Troubled Asset Relief Program, also known by the now-infamous acronym TARP, was the U.S. government's $700 billion bailout of several of the largest banks during the subprime mortgage crisis. Critics of the program cited low accountability and transparency for where that taxpayer money would go and feared that the money would never be recovered. In this video, however, Motley Fool analyst Matt Koppenheffer discusses a statement from the U.S. Treasury, saying that the program has not only recouped the money spent, but has also turned a $23 billion profit.
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