healthmyths
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Authorized $700 billion.
Total actually paid to banks: $245 billion.
Total PAID back with interest:$169 billion
Estimated Cost of TARP $19 billion.
The Troubled Asset Relief Program (TARP) It was a component of the government's measures in 2008 to address the subprime mortgage crisis.
The TARP program originally authorized expenditures of $700 billion and was expected to cost the U.S. taxpayers as much as $300 billion.[1] By March 3, 2011, the Congressional Budget Office (CBO) stated that total disbursements would be $432 billion and estimated the total cost would be $19 billion,.[2] This is significantly less than the taxpayers' cost of the savings and loan crisis of the late 1980s but does not include the cost of other "bailout" programs (such as the Federal Reserve's Maiden Lane Transactions and the Federal takeover of Fannie Mae and Freddie Mac).
Of the $245 billion handed to U.S. and foreign banks, over $169 billion has been paid back, including $13.7 billion in dividends, interest and other income, along with $4 billion in warrant proceeds as of April 2010[update]. AIG is considered "on track" to pay back $51 billion from divestitures of two units and another $32 billion in securities.[3]
Troubled Asset Relief Program - Wikipedia, the free encyclopedia
TARP: By the Numbers
Total actually paid to banks: $245 billion.
Total PAID back with interest:$169 billion
Estimated Cost of TARP $19 billion.
The Troubled Asset Relief Program (TARP) It was a component of the government's measures in 2008 to address the subprime mortgage crisis.
The TARP program originally authorized expenditures of $700 billion and was expected to cost the U.S. taxpayers as much as $300 billion.[1] By March 3, 2011, the Congressional Budget Office (CBO) stated that total disbursements would be $432 billion and estimated the total cost would be $19 billion,.[2] This is significantly less than the taxpayers' cost of the savings and loan crisis of the late 1980s but does not include the cost of other "bailout" programs (such as the Federal Reserve's Maiden Lane Transactions and the Federal takeover of Fannie Mae and Freddie Mac).
Of the $245 billion handed to U.S. and foreign banks, over $169 billion has been paid back, including $13.7 billion in dividends, interest and other income, along with $4 billion in warrant proceeds as of April 2010[update]. AIG is considered "on track" to pay back $51 billion from divestitures of two units and another $32 billion in securities.[3]
Troubled Asset Relief Program - Wikipedia, the free encyclopedia
TARP: By the Numbers