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Although the overall bailout efforts turned a profit, the auto rescue did not.
But it noted that conditions in some financial markets had improved, in part reflecting government bailout efforts.
Few of the enormous federal bailout efforts over the last year have met with such an unequivocally positive reaction.
Congress must play a more active role in crafting, analyzing and continuously monitoring all bailout efforts — current and those to come.
Yet he added that his cautiously optimistic assessment was based on an assumption that the recent bailout efforts would succeed in steadying the Asian economies.
As part of government bailout efforts for the struggling banking industry, Bank of America has received $15 billion, and is expected to receive an additional $10 billion.
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But he declined to discuss the Congressional bailout effort.
Unless something is done quickly to help American homeowners avoid foreclosure, those losses will swamp the bailout effort.
There has been concern, in particular, that Italy's huge accumulated debt might be the next focus of a bailout effort.
As of the end of June, the Government had seized 247 institutions with assets of $65 billion, and liquidated or sold 207 more under the bailout effort that began last year.
The continuous flow of funds is a remnant of the $700 billion bailout effort, known as the Troubled Asset Relief Program or TARP, put in place during the financial crisis.
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