By Around the Web The U.S. Treasury Department made significant progress towards completing the wind down of the Troubled Asset Relief Program (TARP) in 2013. Treasury fully exited the taxpayers’ investment in General Motors (GM), recovered an additional $5.9 billion of the investment in Ally Financial (Ally), and substantially wound down the remaining bank investments. Forty banks repaid taxpayers and Tr easury auctioned or otherwise sold our positions in 81 institutions. To date, Treasury has rec ouped $432.8 billion on all TARP investments – including the disposition of Treasury’s remaining investment in……(read more)
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