TARP Investment in Ally Hits a Profit
The nearly completed Troubled Asset Relief Program (TARP) designed to stabilize key industries when launched continues to reflect generally positive outcomes as it relates to taxpayer investment. The selling of 95,000,000 shares (approximately 55% of the total TARP holdings) of Ally Financial Inc. (Ally) common stock is expected to yield $2.375 billion and will mean that taxpayers recovered more than they invested in Ally. [4/10]