Profitable bank bailout program "unfortunate"
Acting Assistant Secretary for Financial Stability Timothy Massad (right) and TARP Oversight Congressional Panel Chairman Ted Kaufman
March 31st, 2011
09:02 PM ET
4 years ago

Profitable bank bailout program "unfortunate"

WASHINGTON (CNN) - The controversial bank bailout program may have saved some financial institutions from crumbling, but a Treasury official said the rescue plan was actually “unfortunate.”

Speaking to a small group of reporters, Timothy Massad, Treasury Acting Assistant Secretary for Financial Stability said “it’s never fair to have to use taxpayer dollars to rescue any institution.”

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Filed under: TARP • Treasury Department
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