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      09-03-2009, 01:08 AM   #29
Nixon
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Quote:
Originally Posted by scottwww View Post
What percentage of the money has been paid back? Do you have those numbers?
Don't have time to deal with all the points in your email tonight, so I'll hit this easy part first, then address the rest of your post tomorrow.

dividends paid on loans: 12 Billion (12,445,591,592).
http://bailout.propublica.org/main/list/dividends

loan/warrent repayments: 72 Billion (71,628,089,000)
http://bailout.propublica.org/main/list/refunds

Announced intent for repayments this fall (pending Gov't approval): 46 Billion
Bank of America: 20 Billion
Wells Fargo: 25 Billion
Morgan Stanley: 1 Billion

Total funds actually lent out so far from TARP + Fanny/Freddy: 393 Billion (392,589,699,131)
http://bailout.propublica.org/main/list/index


So the math is roughly 130 Billion out of 393 billion of TARP and Freddy/Fanny funds that have actually been loaned out have either been repaid, or are planned to be repaid once the gov't approves.

Roughly about a third of these funds already lent, have been returned and/or are in the pipeline for being returned. Which I consider very impressive considering it is just a year since this began, and just a few months after the economy hit it's most recent bottom.

Some folks may grumble, "it's just the stronger banks that are paying back these funds", but that just doubly proves how valuable TARP was. Because if the entire banking system would have been allowed to collapse, NONE of these banks would exist today. Much less have the "strong banks" in such healthy positions they are in today.

Last edited by Nixon; 09-03-2009 at 11:49 AM..