There's a headline you won't hear on talk radio. But it is true:
The US Treasury has sold its remaining stake in Citigroup, in a deal which it says will make a $12bn (£7.6bn) profit on its overall investment. Citigroup was one of the worst victims of the financial crisis, and the US government stepped in with $45bn of bail-out cash in 2008 and 2009. The money was part of the $700bn Troubled Asset Relief Program (Tarp). On Monday, the government sold off its remaining shares in the bank for $4.35 (£2.75) each. "By selling all the remaining Citigroup shares today, we had an opportunity to lock in substantial profits for the taxpayer," said Tim Massad, acting assistant secretary for financial stability.
People are not happy with the idea that the program worked. Like Newtonians in an Einsteinian world, they look for other reasons or make pointy accusations. But buttin - money don't lie and the global economy did not collapse. Unmoney was replaced with real money and money is taking off again. Wasn't that a great thing.
