did banks pay back bailout money

When the final meltdown occurred in september 2008, congress passed the troubled asset relief program (tarp), the (in)famous $700 billion bank bailout of the financial sector.All told, including dividend, interest and other payments, u.s.The special inspector general for tarp summary of the bailout says that the total commitment of government is $16.8 trillion dollars with the $4.6 trillion already paid out.The part of tarp that deals with banks — the big banks, anyway — has largely been repaid:The fed doesn't have to disclose all the money that they hand out.

And, in the end, tarpaulin has effectively lost, or written off, $35 billion with another roughly $1 billion outstanding.Many community banks were bailed out by the.38.6% of total banks and other financial institutions $245.2b 30.2% fannie.On the surface it's a stunning success story.They paid the original loans back with confidential money given to them by the fed.