Tuesday, April 23, 2013

TARP Accounting

ProPublica has been maintaining a data base of TARP recipients.  It is just about unbelievable.  There have been 927 recipients of  from $1,916 (Guaranty Bank, Minnesota) to $116,149,000,000 (Fannie Mae).  The program distributed $606 billion, of which $364 billion has been repaid to date.  We have earned $116 billion in interest and dividends.  Thus far, we are out $126 billion.

The data base is quite revealing.  It lists the companies on which we have lost money as well as the details of our investment in and return from each of the recipients.  You'd spend days analyzing the data.

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