VIDEO: What Happened To All Of Those Toxic Assets?

Hey, remember the TARP program? If banks are now paying back TARP funds, then what happened to those toxic assets? Are they sitting in a canyon in Wyoming for the next 10,000 years? Not exactly.

Using a whiteboard, markers, and a delicious gravy metaphor, Paddy Hirsch of American Public Media’s Marketplace explains.

Where’s the toxic waste? [Marketplace]

Here’s Where Your Overdraft Fees Are Going: Banks Are Paying Government Back For Bailouts
US Bancorp Blasts TARP As Giant Bait And Switch On America
Banks Want Taxpayer Aid To Buy Toxic Assets From Themselves
JPMorgan Chase Wants To Repay Bailout Money

Want more consumer news? Visit our parent organization, Consumer Reports, for the latest on scams, recalls, and other consumer issues.