June 9, 2009

Banks to repay bailout money — and U.S. gets a profit

Ten of the nation's largest bank holding companies have been given the okay to repay the federal government a combined $68 billion in taxpayer bailout money, the Treasury Department said Tuesday morning. The payback comes with $1.8 billion in profit for the U.S. government from dividends the banks have paid since the government became stockholders last year.

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