Government plans more bank exits from TARP

ADVERTISEMENT
The government has already turned a profit on the bank portion of the bailout, garnering $264 billion in repayments, dividends and interest, after originally investing $245 billion.

However, it is not expected that TARP as a whole will ultimately end up profitable for taxpayers. The Office of Management and Budget estimated in April that the bailout will end up costing taxpayers $68 billion, while the Congressional Budget Office anticipates it will carry a $32 billion price tag. 

Although the bank portion, which is most visibly associated with TARP, will likely be profitable, the government is anticipating losses on its bailout of the auto industry and insurance giant AIG, as well as money spent on housing relief programs that was never intended to be recouped.