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Bill Clinton: Says the government has "gotten the TARP money back plus a profit."

Posted by Politifact.com Truth-O-Meter rulings from National On September - 28 - 2012 News Politics
The Truth-o-Meter says: Mostly False | Bill Clinton says TARP turned a profit

The financial crisis of 2008 spawned some new terminology -- "too big to fail" and the Troubled Asset Relief Program. TARP, as it's more commonly known, is the $700 billion in government money set up to rescue banks such as Goldman Sachs, Citigroup, Bank of America, and a host of other financial entities, big and not so big. There were dire predictions on TARP’s final cost to taxpayers. The Congressional Budget Office said it could top $350 billion. But the payback was higher than expected, which former President Bill Clinton mentioned during ...

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Read Entire Story: Politifact.com Truth-O-Meter rulings from National

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