The State of the Bailout
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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.
Detailed Breakdown
| Disbursed | |
|---|---|
| Banks and other Financial Institutions | $245,155,693,547 |
| Fannie and Freddie | $187,485,000,000 |
| Auto Companies | $79,696,009,286 |
| AIG | $67,835,000,000 |
| Toxic Asset Purchases | $17,663,904,774 |
| Mortgage Mod Program | $2,409,231,881 |
| State Housing Programs | $923,521,627 |
| Small Business Loan Aid | $368,145,452 |
| FHA Refinance Program | $50,000,000 |
| Refunds | $305,705,919,996 |
|---|---|
| Money returned to Treasury by bailed-out companies. | |
| Dividends | $59,813,555,180 |
| Revenue Treasury has earned on its investments through dividend payments. | |
| Interest | $1,674,765,749 |
| Revenue Treasury has earned through its loans through interest payments. | |
| Warrants | $9,238,681,694 |
| Revenue Treasury has earned from selling stock warrants it held on companies that have paid back its investment. | |
| Other Proceeds | $10,495,470,674 |
| Revenue from selling off equity or other assets. | |
| Fees | $454,000,000 |
| Revenue Treasury has garnered from special fees. | |
The Bailout Scorecard
Last update: May 9, 2012
Our frequently updated database tracks every dollar and every bailout recipient for both the broader $700 billion TARP bill and the separate bailout of Fannie Mae and Freddie Mac. Below is a summary generated from the latest numbers. (Here's a rundown of the bailout info our site offers.)
Altogether, accounting for both bailouts, $602 billion has gone out the door—invested, loaned, or paid out—while $306 billion has been returned.
The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $82 billion. When those revenues are taken into account, $214 billion is the net still outstanding as of May 9, 2012.
The TARP (one of two bailouts)
Total Allocation: $475,000,000,000
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 $469 billion.
The government has committed bailout money to 926 recipients. Those recipients have received a total of $414 billion. 309 recipients have returned all of their TARP money, leaving 617 with money still on their books (42 of those have returned a portion). A total of $306 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 billion.
The main sources of that revenue are $21 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, $68 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 $187 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 $41 billion in dividends to the Treasury.