Treasury: $98.7 Billion Left In Bailout Funds
This morning the Treasury Department released its tally so far of how much has been spent so far of the $700 billion government bailout, or TARP program, which stands for Troubled Asset Relief Program (Although, of course, none of the original TARP money went to buy TA. That's why Treasury had to roll out the P-PIP, or Public-Private Investment Program.)
Bottom line: There's $98.7 billion remaining in bailout funds that have not been spent yet. That doesn't count $25 billion Treasury expects in repayments.
Here's the scorecard on which entities have received TARP money and how much of it they've received:
Programs under Bush administration:
-- AIG: $40 billion
-- Citi/Bank of America: $52.5 billion
-- Autos: $24.9 billion
-- Capital purchase program: $218 billion
-- TALF 1.0: $20 billion
Subtotal $355.4 billion
Programs under Obama administration:
-- Housing: $50 billion
-- AIG (second investment): $30 billion
-- Auto suppliers: $5 billion
-- Additional autos: $10.9 billion
-- TALF asset expansion (new issuance): $35 billion
-- Unlocking SBA lending markets: $15 billion
-- TALF for legacy securities: $25 billion
-- Other P-PIP programs for legacy assets: $75 billion
Subtotal: $245.9 billion
Total committed (without potential repayments) $601.3 billion
Total remaining (without potential repayments) $98.7 billion
Conservative estimate of potential repayments $25 billion
Total committed (including potential repayments) $576.3 billion
Total remaining (including potential repayments) $123.7 billion
-- Frank Ahrens
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By
Frank Ahrens
|
May 20, 2009; 2:41 PM ET
Categories:
The Ticker
| Tags: AIG, Bank of America, Bush, Citi, Obama, TALF, TARP, Treasury, automakers, bailout
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