The Independent Staff

Gray Lady taps UL prof to crunch numbers

UL Lafayette finance professor Linus Wilson was recently enlisted by The New York Times to analyze financial data related to U.S. banks’ payback of loans to the federal government through the Troubled Assets Relief Program, the $700 billion bailout of a teetering American financial system last fall by the Treasury Department. By the Times’ estimation, Uncle Sam and U.S. taxpayers have realized a roughly $4 billion profit on the repayment of TARP loans by troubled banks.

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