Report: U.S. Makes $4 Billion From Bailout Banks - Political News - FOXNews.com

Report: U.S. Makes $4 Billion From Bailout Banks - Political News - FOXNews.com: "The U.S. government has hauled in about $4 billion in profits from large banks that have repaid their obligations from last year's federal bailout, The New York Times reported Sunday.

Last September, Federal Reserve Chairman Ben Bernanke and then-Treasury Secretary Henry Paulson pressed congressional leaders for legislation authorizing a $700 billion financial bailout of some of the nation's largest financial institutions, which were in danger of collapsing. The bill was signed into law in October."

So the profit rate is only 0.57% on banks that have repaid -- which appears to exclude any banks that haven't repaid. It will be interesting to see the overall rate once all have paid back (or failed).