The NYT says a little less than a year after the economic meltdown, the government is starting to see a profit from banks repaying bailout money.
From the NYT:
The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent annually, according to calculations compiled for The New York Times.
These early returns are by no means a full accounting of the huge financial rescue undertaken by the federal government last year to stabilize teetering banks and other companies.
Of course, there is still a chance that those billions will just help to offset the huge losses incurred in other bailouts. Only time will tell.