Watchdog: Taxpayers Likely to See Profit From Govt. Bank Help - ABC News »

Posted By TimALoftis 1 week, 6 days ago in Business & Finance

Federal government guarantees to back up bank assets during the financial crisis posed a "considerable risk to taxpayers" last year, but the guarantees ultimately played "a significant role" in calming the markets, and now taxpayers appear set to earn a profit, a government watchdog panel said Friday.

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