TARP
$7.77 Trillion: The Secret Bailout
Bloomberg.com reported last week that the Federal Reserve had doled out $7.77 trillion as of March 2009 to banks with the goal of stabilizing the financial system. That number makes the Treasury Department's $700 billion bailout through the Troubled Asset Relief Program (TARP) look like an ant standing next to an elephant.
Today's Lesson In Finance: Profitable investments are good
*click, click, click.* Students, take your seats; class is now in session. For today's lesson, we'll be examining why profits are good. Though it may be an overwhelming concept, we want high returns on our investments. Case in point: the Troubled Asset Relief Program (TARP).
