We're tracking where taxpayer money has gone in the ongoing bailout of the financial system. Our database accounts for both the broader $700 billion bill and the separate bailout of Fannie Mae and Freddie Mac.

Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $633B has gone out the door.

Money has been coming back in two ways: $390B of principal has been repaid, and the Treasury has collected revenue from its investments of $359B.

In total, the government has realized a $116B profit as of October 2, 2019.

The State of the Bailout

Outflows: $633.1 billion This includes money that has actually been spent, invested, or loaned.
Inflows: $749.0 billion Money returned and paid to Treasury as interest, dividends, fees or to repurchase their stock warrants.

The TARP

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 $578 billion.

The government committed bailout money to 980 recipients. Those recipients have received a total of $442 billion. A total of $934 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: $52.5B.

The main sources of that revenue are $23.1 billion through dividend or interest payments, $20 billion from sales of equity or other assets that Treasury acquired (mostly stock in Citigroup); and $9.63 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, the government's profit totals $1.1 billion.

While the Treasury has paid out money to 980 recipients, only 780 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 $29.9 billion) isn’t coming back.

Of the 780 investments made by the Treasury, 636 have resulted in a profit. 138 of the investments resulted in a loss. So far, the profits amount to $48.3 billion, while the losses amount to $17.2 billion. 6 of the investments are still outstanding.

Fannie and Freddie

The total amount invested in Fannie and Freddie so far is $191B.

The companies have not repaid any of the principal, but the companies have been paying dividends, which have so far amounted to $306B.

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