Another day, another $21 million. Drip by drip, the capital U.S. taxpayers injected into the banking sytem in 2008 and 2009 streams back into federal coffers. Here are the TARP returns from last week:
Peapack-Gladstone, which sounds like a character on Downtown Abbey, but is in fact a bank based in Gladstone, New Jersey, paid back $14.341 million, closing out the government's $28 million investment in the bank.
In other TARP-related news, General Motors on January 11 paid back $6.7 million on one of the tranches of debt it received from Treasury in 2009.
Daniel Gross is economics editor at Yahoo! Finance
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