KeithHennessey.com

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.

We have so far:

created our example of Large Bank;
described TARP I, in which the government would buy bad assets from banks; and
described TARP II, in which the government made direct equity investments in banks.

The Bush Administration implemented TARP II as the $250 B Capital Purchase Program (CPP), although less than $250 B has been allocated [...]

I will be on BBC Radio 5 Live’s Wake Up to Money show at 5:30 AM GMT, 12:30 AM EST, talking about the G-20 summit.  If you’re up, you can listen here.
I was on Fox News’ The Live Desk with Martha MacCallum this afternoon around 2:20 pm, talking about banks and taxpayer investments.  Martha grilled [...]