When the "Bottom Line" is far from the Bottom Line

The Treasury department calculates that it made a profit on TARP, but that is solely due to the fact that is cost the Treasury next to nothing to print money. If one takes into account the "true" cost of borrowing money, then the Treasury's act of giving money at near zero rates to banks and other corporations has created massive losses for the country, even without the cost of the moral hazard.

Bottom Line - Taxpayers to make money on TARP, Treasury says: "The U.S. Treasury Department said on Friday that the many programs that it, the Federal Reserve and banking authorities implemented during the darkest hours of the 2007-2009 financial crisis likely will end up making a profit for taxpayers.
At a background presentation for reporters, a senior Treasury official who spoke on condition of anonymity said the department wanted to get word out about the success of the financial bailout before myths developed about it."