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Paulson Makes Fast Money

Thursday, 18 Dec 2008 | 5:41 PM ET

CNBC’s Steve Liesman picked up an interesting tidbit on Tuesday. He says if you’re among the millions worried that the government is squandering your money with the TARP – then think again.

The TARP program is in the black.

Paulson Makes Some Fast $
The TARP has been a good trade so far, and analysis shows that taxpayers are in the green. CNBC's Steve Liesman has the details.

According to a Bianco research note published by Fox, “the Treasury infused $247.26 billion into 184 companies over the span of the credit crisis. In exchange for these bailouts, the Treasury received securities that are currently valued at $255.10 billion.”

The research note also says, ”This means the TARP bailouts have actually turned a profit for U.S. taxpayers as of this writing. After factoring in the current value of the securities the Treasury received in exchange for its bailout money, the Treasury has turned a net profit of $7.84 billion for a 3.17% return on investment over the period.”

Liesman says he's crunched the numbers, too. And after pouring over the calculations he also concludes “the TARP is at a range that suggests the banks didn’t get such a bad deal and the tax payers didn’t get such a bad deal, either.”

For all the details please watch the video.


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