The State of the Bailout
TARP Watchdog Launches Audit of Bailout Contracts 2/9
Chase Denied Loan Mods for Now Forbidden Reason—Homeowners in Limbo 2/4
Homeowners Say Banks Not Following Rules for Loan Modifications 1/14
Loan Mod Program Delays Even Worse for Those Struggling Not to Fall Behind 12/21
Bailout Breakdown: Losses Likely to Be Larger Than Treasury Estimates 12/11
Interactive Chart Shows Breakdown of Slow-Moving Loan Mod Program 12/11
Homeowners Getting Blame for Lack of Loan Mods, but Evidence Points to Banks and Servicers, Too 12/9
Bailout Balance Sheet December 2009: Taxpayers’ Revenues Grow, but So Do Losses 12/3
We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
- In the bailout map, we track bailout recipients by state.
Detailed Breakdown
| Disbursed | |
|---|---|
| Banks and other Financial Institutions | $244,830,159,320 |
| Fannie and Freddie | $148,200,000,000 |
| Auto Companies | $79,697,855,706 |
| AIG | $47,506,000,000 |
| Toxic Asset Purchases | $22,406,483,574 |
| Foreclosure Relief | $350,000,000 |
| Refunds | $200,930,892,117 |
|---|---|
| Money returned to Treasury by bailed-out companies. | |
| Dividends | $27,029,014,829 |
| Revenue Treasury has earned on its investments through dividend payments. | |
| Interest | $841,125,041 |
| Revenue Treasury has earned through its loans through interest payments. | |
| Warrants | $7,202,143,217 |
| Revenue Treasury has earned from selling stock warrants it held on companies that have paid back its investment. | |
| Other Proceeds | $30,554,523 |
| Revenue from selling off equity or other assets. | |
| Fees | $289,000,000 |
| Revenue Treasury has garnered from special fees. | |
Our Articles on the State of the Bailout
The Bailout Scorecard
Our frequently updated database tracks every dollar and every bailout recipient. Below is a summary generated from the latest numbers. (Here's a rundown of the bailout info our site offers.)
The Treasury Department is authorized to spend a maximum of $475 billion on the TARP (a 2009 housing bill removed $1.2 billion from the original $700 billion authorization). It has the authority to spend a virtually unlimited amount of money bailing out Fannie Mae and Freddie Mac.
Altogether, accounting for both bailouts, $546 billion has gone out the door—invested, loaned, or paid out—while $201 billion has been returned.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $35 billion. When those revenues are taken into account, $309 billion is the net still outstanding as of Sep. 3, 2010.
The TARP (one of two bailouts)
Total Allocation: $475,000,000,000
The Treasury is authorized to spend $475 billion of the TARP. It has created 12 different programs, to which it has promised $470 billion.
The government has committed bailout money to 842 recipients. Those recipients have received a total of $397 billion 80 recipients have returned all of their TARP money, leaving 762 with money still on their books (13 of those have returned a portion). A total of $201 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: $23 billion. That includes $15 billion through dividend or interest payments and $7 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, $174 billion is the net amount still outstanding.
Fannie and Freddie (the other bailout)
Total Allocation: Unlimited
The total amount invested in Fannie and Freddie so far is $148 billion. 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 $13 billion in dividends to the Treasury.