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Did the TARP Money Really Get Paid Back? Is CNN correct?

CNN had Jackie Calmes of the New York Times who said auto and bank bailouts were repaid with interest. But there are numerous articles this morning saying NO they have not been repaid entirely.

Is CNN accurate?

Answer Question

Asked by Anonymous at 12:21 PM on Aug. 9, 2010 in Politics & Current Events

Answers (8)
  • They are not paid back 100%


    Answer by sweet-a-kins at 12:23 PM on Aug. 9, 2010

  • So CNN let a guest lie like that?

    Comment by Anonymous (original poster) at 12:24 PM on Aug. 9, 2010

  • Your cnn link didn't take me to that story

    Answer by sweet-a-kins at 12:27 PM on Aug. 9, 2010

  • While many of the larger banks receiving bailout funds through the Troubled Asset Relief Program, known as TARP, have repaid their loans, most smaller banks have not and could face rising dividends in the coming years.

    The Treasury invested in hundreds of smaller banks through the nearly $700 billion TARP and has almost $25 billion in loans outstanding to small banks.

    ^^from WSJ


    Answer by sweet-a-kins at 12:29 PM on Aug. 9, 2010

  • All haven't been repaid yet. The comment is technically true in that it didn't say "all".

    Answer by Youngwifey2 at 2:30 PM on Aug. 9, 2010

  • I believe the card companies paid it back, but there are some banks that haven't yet.

    Answer by Scuba at 2:54 PM on Aug. 9, 2010

  • Last I heard GM stilled owed money. I'd guess some banks do too.

    Answer by sopranomommy at 4:48 PM on Aug. 9, 2010

  • interesting ..

    Answer by san78 at 5:40 AM on Aug. 10, 2010

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