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.
Fool contributor Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of AIG, Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo and has options on AIG. Motley Fool newsletter services recommend AIG and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.