NEW YORK (CNNMoney.com) — Federal Reserve chairman Ben Bernanke said Monday he’s confident the Federal Reserve will make money on the trillions it has pumped into the economy since the start of 2008.“I think we’re in very good shape,” Bernanke said, answering questions following a speech at the Economic Club of Washington. “I do believe we’re going to get back all the money, and indeed we’ll be showing for the taxpayers fairly significant extra income.”
Bernanke was referring specifically to Fed programs — not the Troubled Asset Relief Program (TARP). The U.S. Treasury will likely lose money on TARP, though the Obama administration is expected to announce soon that losses will be $200 billion less than initially expected.
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One Comment
If the goverment is going to profit form the bailout I have a suggestion. Why don’t the put back the money they borrowed form Social Security. If they didn’t take the money it would not be in the shape it is in. The older people need the help and they just don’t seem to care. No one seem to care if the older Americans are taken care of. I hope when they get old they will have to live like they do. They need the money back, so they can live and not have so much stress. Do the right thing for a change.