How much money exactly, in billions, did the US government "bailout" companies with?
How much money exactly, in billions, did the US government "bailout" companies with? And how much of that money is expected to be repaid by companies?
That’s hard to say. Last figures I’ve seen, is total Bailout money is 8.5 Trillion. But 5.5 trillion of that is Federal Reserve money. The Fed is not a government agency, or government money.
Of the $3 trillion government money around $1.2 trillion is Treasury Dept money. The majorly, around $850 billion, went to TARP. TARP is generally what is thought of as business bailout money.
Any money paid back to TARP, stays in the fund, is case of future need. So if and when it is recovered, it doesn’t go beck into the Treasury until the program is dissolved.
The other $2.8 trillion government money, is combined FDIC, HUD, FHA, Freddie and Fannie, and other insurance based agency,. Most of that is money allocated to guarantee and back up loans Relatively little of the money represents direct outlays of cash with no strings attached, such as the $168 billion in stimulus checks mailed spring of 2008. Most of the money is going into loans or loan guarantees, asset purchases or stock investments on which the government could see some return.
July 3rd, 2010 at 3:33 am
That’s hard to say. Last figures I’ve seen, is total bailout money is 8.5 Trillion. But 5.5 trillion of that is Federal Reserve money. The Fed is not a government agency, or government money.
Of the $3 trillion government money around $1.2 trillion is Treasury Dept money. The majorly, around $850 billion, went to TARP. TARP is generally what is thought of as business bailout money.
Any money paid back to TARP, stays in the fund, is case of future need. So if and when it is recovered, it doesn’t go beck into the Treasury until the program is dissolved.
The other $2.8 trillion government money, is combined FDIC, HUD, FHA, Freddie and Fannie, and other insurance based agency,. Most of that is money allocated to guarantee and back up loans Relatively little of the money represents direct outlays of cash with no strings attached, such as the $168 billion in stimulus checks mailed spring of 2008. Most of the money is going into loans or loan guarantees, asset purchases or stock investments on which the government could see some return.
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