Keith Hennessey

Of the original $700 B of TARP funding, CBO estimates that $439 B of the original $700 B has been spent, $280 B of that will be repaid and $159 B will not be repaid and will be a cost to the taxpayer. When you include the costs of FDIC actions and the bailouts of Fannie Mae and Freddie Mac, the expected cost to the taxpayer rises to about $553 B.