Little snippet on the wires - the USTreasury's TARP programme is already getting back the cash it lent various banks ( in full) and they have embarked on selling the warrants they received from the likes of JPMorgan, Capital One, CITI and so on. They have so far made a profit of about $3 billion from this, and, of course, earned 11% or so on the moeny they lent.
And they aren't stuck with any of the toxic loans - they remain firmly with the US Banks.
Compare this to our own situation, where the Treasury has had no money back, hasn't made a profit ( in theory there might be SOME but those dang prices keep going up and down), and has had to shoulder about £850MILLION of toxis debt and dodgey loans.
Don't quite see that as saving the world....
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