tazzygirl
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The Bailout Scorecard
Last update: Sep. 20, 2012
Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $604 billion has gone out the door—invested, loaned, or paid out—while $342 billion has been returned.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $87.2B. When those revenues are taken into account, $175.0B is the net still outstanding as of Sep. 20, 2012.
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The Treasury is authorized to spend $475 billion of the TARP (In July 2010, the financial regulation overhaul reduced TARP’s spending cap to $475 billion from the original $700 billion.). It has created 13 different programs, to which it has promised $466 billion.
The government committed bailout money to 924 recipients. Those recipients have received a total of $416 billion. A total of $342 billion has been returned.
The Treasury has been earning a return on most of the TARP money invested or loaned. So far, the total return is: $41.5B.
The main sources of that revenue are $22 billion through dividend or interest payments, $10 billion from sales of equity or other assets that Treasury acquired (mostly stock in Citigroup); and $9 billion through stock warrants which Treasury received as part of most of the investments. When companies pay back the TARP investment, the warrants are either sold back to the company or auctioned off.
When those revenues are taken into account, $33 billion is the net amount still outstanding.
While the Treasury has paid out money to 924 recipients, only 779 of those received funds via investments meant to return money to taxpayers. The rest received subsidies through TARP’s housing programs – that money (so far totaling $5 billion) isn’t coming back.
Of the 779 investments made by the Treasury, 353 have resulted in a profit. 40 of the investments resulted in a loss. So far, the profits amount to $33 billion, while the losses amount to $5 billion. 386 of the investments are still outstanding.
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The total amount invested in Fannie and Freddie so far is $187.5B. They have returned none of the money invested so far—and might never do so.
The Treasury has been earning a return on its investments. So far Fannie and Freddie have paid $45.7B in dividends to the Treasury.
http://projects.propublica.org/bailout/main/summary
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