Despite Obama's spin, we are NOT profitable on TARP

No, we are not profitable on the bailouts. TARP has $123B to go before break even.  All told, the Taxpayers have a long way to go before we are break even. That’s before we count lost income from savings, bonds, etc., the increased costs of food stuff and energy due to inflation

How much will the TARP end up costing when everything's said and done? The short answer is that it's anyone's guess. The Congressional Budget Office put the toll at about $25 billion [17] in November. Part of the reason the projected cost is so low is actually the poor performance of the administration's foreclosure prevention programs [18], which seem likely to spend far less than the $50 billion initially set aside for them.
As the chart shows, we are far far from break even despite what the White House says:



Click to enlarge photo :

Sources:
Behind Administration Spin: Bailout Still $123 Billion in the Red
Paul Kiel

ProPublica, March 17, 2011, 10:27 a.m
http://www.propublica.org/article/behind-administration-spin-bailout-still-123-billion-in-the-red