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  • TARP repayments of $194 billion exceed outstanding balance of $190 billion

    06/12/2010 2:27:43 AM PDT · by CutePuppy · 46 replies · 1,005+ views
    The Hill ^ | June 11, 2010 | Jay Heflin
    The Treasury Department on Friday announced that repayments to the Troubled Asset Relief Program (TARP) have for the first time surpassed the total amount of TARP funds that remain outstanding. Today's report to Congress shows that through the end of May, TARP repayments reached $194 billion. That figure exceeds outstanding TARP funds that total $190 billion. TARP repayments have continued to exceed expectations, substantially reducing the projected cost of this program to taxpayers, said Herb Allison, assistant secretary for financial stability, in prepared remarks. This milestone is further evidence that TARP is achieving its intended objectives: stabilizing our financial system...