Report: U.S. turns profit on bank bailouts

The U.S. government has made a profit of about $4 billion on the bank bailout program so far as some of the largest banks have already repaid their loans, according to a report by the New York Times.

In the Dallas-Fort Worth area, locally-based Plains Capital Corp. was listed late last year as the recipient of $87.6 million in Troubled Asset Relief Program funds.

To date, the Treasury says it has allocated $250 billion in TARP funds.

Read Full Article from Bizjournals.com

- Posted: 2009-08-31 10:49:53

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