is this progress...tarp paydown

from the NYT and CR

"From the NY Times: U.S. Forecasts Smaller Loss From Bailout of Banks

CR, "The Treasury Department expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, with the portion lent to banks actually showing a slight profit, according to a new Treasury report."


after reading all the negative comments around and the NYT article...it seems to me...

according to the NYT article the estimates of tarp loses have gone from 341 billion last summer...to 100 billion and now down to 42 billion

i agree with hollywood hack that given the games the fed has played at "the window" accepting trash MBS and other assorted crap in exchange for us treasuries is a ticking financial time bomb (my words not his)

but the two programs are not the same

in our zeal, to lambaste the miscreants in DC and NYC for banksterism

are we possibly turning a blind eye to any progress at all?

i agree with Rob Dawg that as long as unemployment is sky high and climbing we are effed (again my word not his)

but this story is...what it is.... nothing more

lets see if the number 41 billion comes to pass...like you im skeptical

but willing to wait and see

but nothing i read above contradicts the new york times article CR posted