Uncle Sam is getting out of Citigroup. Hooray.
But we’ve still got that dodgy insurance company and automobile maker on our national balance sheet. And Fannie and Freddie.
We turned a little profit on our Citi stake, meaning that the nominal cost of TARP is now down to about $25 billion.
For those of you keeping score at home, that means that the foreclosure-prevention stuff passed on the coattails of the bank bailouts will end up costing at least three times what the bank bailouts themselves cost.