The announcement comes one day after the Treasury Department authorized ten of the largest bailout recipients to pay back some $68 billion in taxpayer loans. President Obama made the announcement at the White House.

President Obama: “Several financial institutions are set to pay back $68 billion to taxpayers. And while we know that we will not escape the worst financial crisis in decades without some losses to taxpayers, it’s worth noting that in the first round of repayments from these companies, the government has actually turned a profit.”