2012-12-13 — americanbanker.com
``None of the Treasury's prior auctions have generated a profit, and some performed worse than projection for the upcoming auction. Past auctions of 84 banks produced about $1.5 billion in proceeds, or $221 million less than the original investment. However, the Treasury has netted a profit when taking into account all of its Tarp divestiture programs. Nearly $268 billion has been recovered from the $245 billion first invested.''
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