TARP is NOT Profitable

Barry Ritholz on his Big Picture Blog (www.ritzholz.com) has some great stuff on TARP and the GSE's and how far in the red the programs are. This is despite news reports that these programs are successful.

If you don't read his blog, its a good one.

Scott Dauenhauer CFP, MSFP, AIF


Sources:

Behind Administration Spin: Bailout Still $123 Billion in the Red
Paul Kiel
ProPublica, March 17, 2011, 10:27 a.m
http://www.propublica.org/article/behind-administration-spin-bailout-still-123-billion-in-the-red

The State of the Bailout
http://projects.propublica.org/bailout/main/summary