have banks paid back bailout

The treasury department later sold those shares back for a profit.Banks have repaid the government $211.5 billion under the capital purchase program (cpp), the first phase of the government's troubled asset relief program (tarp), according to a report thursday by the government accountability office, a congressional watchdog.It bought $20 billion in shares each from bank of america ( bac) and citigroup ( c ).I have to agree with rachel (nice surname)the banks will never repay back a single penny of the bailout money.Almost no one talks about it, and no one in government is even keeping track of it.

President obama believed at the time that taxpayers were set to lose between $120 and $141 billion from tarp.According to the nao report, overall the banks have paid £9.1bn in fees for the government's guarantees and indemnities that have peaked at nearly £1 trillion.It was paid back out of operating income.The tax payer only lost money on the true bail out of gm.The shortfall can be explained by automakers returning only 88.8%, and the $21 billion disbursed to homeowners thus far (some programs are still available to homeowners in need).

While several small banks have repaid their bailout money, no large bank has done so.