<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e6bba5af-38c7-46eb-b707-4f56cb3d566a/1765FF0A-7475-4B29-9E6A-F976871907CA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://dealbook.blogs.nytimes.com/2009/08/31/are-profits-on-tarp-funds-enough-feel-free-to-change/?partner=rss&emc=rss" href="http://dealbook.blogs.nytimes.com/2009/08/31/are-profits-on-tarp-funds-enough-feel-free-to-change/?partner=rss&emc=rss" style="font-size: 11px;">dealbook.blogs.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/are-profits-on-tarp-funds-enough-feel-free-to-change/?partner=rss&emc=rss">The profits made from the eight banks that have repaid their obligations under the Troubled Asset Relief Program, or TARP, have yielded an annualized return of about 15 percent. Not so shabby for an investment that many believed would never be profitable.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/are-profits-on-tarp-funds-enough-feel-free-to-change/?partner=rss&emc=rss"><P>Of course, taxpayers are currently sitting on billions of dollars more in paper losses from some institutions still holding bailout money, as well as from other government programs being used to support other financial institutions. Treasury has allocated $30 billion to help private investors buy toxic securities from banks, $95.6 billion to nationalize the mortgage companies <A title="More information about Federal National Mortgage Association (Fannie Mae)" class="tickerized" href="http://topics.nytimes.com/top/news/business/companies/fannie_mae/index.html?inline=nyt-org">Fannie Mae</A> and <A title="More information about Freddie Mac" class="tickerized" href="http://topics.nytimes.com/top/news/business/companies/freddie_mac/index.html?inline=nyt-org">Freddie Mac</A> and $77.8 billion to rescue the troubled auto industry.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://dealbook.blogs.nytimes.com/2009/08/31/are-profits-on-tarp-funds-enough-feel-free-to-change/?partner=rss&emc=rss"><P>“The reason why a private investor would have done so much better than taxpayers is because the bailout was set on such generous terms by Hank Paulson,” Professor Wilson said. “In short, he used taxpayer money to overpay for the preferred stock.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1765FF0A-7475-4B29-9E6A-F976871907CA/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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