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December 2011 - Misunderstood Finance

Troubled Estimated Actual and Projected Budgetary Cost Asset Cash Disbursements NET COSTS Relief TOTAL DISBURSEMENTS $34 billion $428 billion Program CBO's estimate of the total amount of money that will eventually be disbursed to businesses, financial institutions, and others. CBO's estimate of the cost of the TARP's transactions as measured on a present-value basis. (Present value is a single number that expresses a flow of current and future revenues or payments in terms of an For more information, see this CBO publication: Report on the Troubled Asset Relief Program- December 2011, Most of these disbursements have been or will eventually be repaid. Total disbursements are expected to amount to about 60% of the $700 billion that was initially authorized. equivalent lump sum received or paid today.) http://go.usa.gov/Ng6 Support for American International Group ПL Estimated Gains Estimated Costs Total $68 billion Cash Disbursements and Repayments |Outstanding |$50 billion AIG received $68 billion in TARP funds, more than any other institution; Written Off $25 billion $2 billion of that amount, the Treasury has thus far recouped $16 billion. ; Repaid : $16 billion Assistance to the Automotive lIndustry Total $80 billion Through the TARP, the Treasury provided Written Off $20 billion $7 billion $80 billion in assistance to the U.S. automotive industry. Manufacturers General Motors and Chrysler received the bulk of that funding. Outstanding $37 billion Repaid $35 billion Mortgage Programs Total $13 billion Outstanding $3 billion The Treasury is expected to spend $13 billion $13 billion for programs that provide direct payments to mortgage servicers to facilitate modifications to mortgages. Anticipated Additional Disbursements $10 billion Investment Partnerships Total $22 billion Repaid $2 billion The Treasury created public-private partnerships to encourage private $200 million investment in certain types of financial Outstanding | $16 billion assets, such as residential and commercial real estate loans. Anticipated Additional Disbursements $4 billion Support for Other Financial Institutions Outstanding Total $246 billion $18 billion The Treasury purchased $206 billion of $25 billion preferred stock from nearly 800 financial institutions, mostly through the Capital Purchase Program. It also provided $40 billion in additional support to Citigroup and Bank of America. Repaid $225 billion Written Off $3 billion Notes: Numbers may not add up to totals because of rounding. Authors: Jonathan Schwabish and Courtney Griffith Sources: Congressional Budget Office; Department of the Treasury. Publication date: December 16, 2011 Troubled Estimated Actual and Projected Budgetary Cost Asset Cash Disbursements NET COSTS Relief TOTAL DISBURSEMENTS $34 billion $428 billion Program CBO's estimate of the total amount of money that will eventually be disbursed to businesses, financial institutions, and others. CBO's estimate of the cost of the TARP's transactions as measured on a present-value basis. (Present value is a single number that expresses a flow of current and future revenues or payments in terms of an For more information, see this CBO publication: Report on the Troubled Asset Relief Program- December 2011, Most of these disbursements have been or will eventually be repaid. Total disbursements are expected to amount to about 60% of the $700 billion that was initially authorized. equivalent lump sum received or paid today.) http://go.usa.gov/Ng6 Support for American International Group Estimated Gains Estimated Costs Total $68 billion Cash Disbursements and Repayments |Outstanding |$50 billion AIG received $68 billion in TARP funds, more than any other institution; Written Off $25 billion $2 billion of that amount, the Treasury has thus far recouped $16 billion. ; Repaid : $16 billion Assistance to the Automotive lIndustry Total $80 billion Through the TARP, the Treasury provided Written Off $20 billion $7 billion $80 billion in assistance to the U.S. automotive industry. Manufacturers General Motors and Chrysler received the bulk of that funding. Outstanding $37 billion Repaid $35 billion Mortgage Programs Total $13 billion Outstanding $3 billion The Treasury is expected to spend $13 billion $13 billion for programs that provide direct payments to mortgage servicers to facilitate modifications to mortgages. Anticipated Additional Disbursements $10 billion Investment Partnerships Total $22 billion Repaid $2 billion The Treasury created public-private partnerships to encourage private $200 million investment in certain types of financial Outstanding | $16 billion assets, such as residential and commercial real estate loans. Anticipated Additional Disbursements $4 billion Support for Other Financial Institutions Outstanding Total $246 billion $18 billion The Treasury purchased $206 billion of $25 billion preferred stock from nearly 800 financial institutions, mostly through the Capital Purchase Program. It also provided $40 billion in additional support to Citigroup and Bank of America. Repaid $225 billion Written Off $3 billion Notes: Numbers may not add up to totals because of rounding. Authors: Jonathan Schwabish and Courtney Griffith Sources: Congressional Budget Office; Department of the Treasury. Publication date: December 16, 2011 Troubled Estimated Actual and Projected Budgetary Cost Asset Cash Disbursements NET COSTS Relief TOTAL DISBURSEMENTS $34 billion $428 billion Program CBO's estimate of the total amount of money that will eventually be disbursed to businesses, financial institutions, and others. CBO's estimate of the cost of the TARP's transactions as measured on a present-value basis. (Present value is a single number that expresses a flow of current and future revenues or payments in terms of an For more information, see this CBO publication: Report on the Troubled Asset Relief Program- December 2011, Most of these disbursements have been or will eventually be repaid. Total disbursements are expected to amount to about 60% of the $700 billion that was initially authorized. equivalent lump sum received or paid today.) http://go.usa.gov/Ng6 Support for American International Group Estimated Gains Estimated Costs Total $68 billion Cash Disbursements and Repayments |Outstanding |$50 billion AIG received $68 billion in TARP funds, more than any other institution; Written Off $25 billion $2 billion of that amount, the Treasury has thus far recouped $16 billion. ; Repaid : $16 billion Assistance to the Automotive lIndustry Total $80 billion Through the TARP, the Treasury provided Written Off $20 billion $7 billion $80 billion in assistance to the U.S. automotive industry. Manufacturers General Motors and Chrysler received the bulk of that funding. Outstanding $37 billion Repaid $35 billion Mortgage Programs Total $13 billion Outstanding $3 billion The Treasury is expected to spend $13 billion $13 billion for programs that provide direct payments to mortgage servicers to facilitate modifications to mortgages. Anticipated Additional Disbursements $10 billion Investment Partnerships Total $22 billion Repaid $2 billion The Treasury created public-private partnerships to encourage private $200 million investment in certain types of financial Outstanding | $16 billion assets, such as residential and commercial real estate loans. Anticipated Additional Disbursements $4 billion Support for Other Financial Institutions Outstanding Total $246 billion $18 billion The Treasury purchased $206 billion of $25 billion preferred stock from nearly 800 financial institutions, mostly through the Capital Purchase Program. It also provided $40 billion in additional support to Citigroup and Bank of America. Repaid $225 billion Written Off $3 billion Notes: Numbers may not add up to totals because of rounding. Authors: Jonathan Schwabish and Courtney Griffith Sources: Congressional Budget Office; Department of the Treasury. Publication date: December 16, 2011 Troubled Estimated Actual and Projected Budgetary Cost Asset Cash Disbursements NET COSTS Relief TOTAL DISBURSEMENTS $34 billion $428 billion Program CBO's estimate of the total amount of money that will eventually be disbursed to businesses, financial institutions, and others. CBO's estimate of the cost of the TARP's transactions as measured on a present-value basis. (Present value is a single number that expresses a flow of current and future revenues or payments in terms of an For more information, see this CBO publication: Report on the Troubled Asset Relief Program- December 2011, Most of these disbursements have been or will eventually be repaid. Total disbursements are expected to amount to about 60% of the $700 billion that was initially authorized. equivalent lump sum received or paid today.) http://go.usa.gov/Ng6 Support for American International Group Estimated Gains Estimated Costs Total $68 billion Cash Disbursements and Repayments |Outstanding |$50 billion AIG received $68 billion in TARP funds, more than any other institution; Written Off $25 billion $2 billion of that amount, the Treasury has thus far recouped $16 billion. ; Repaid : $16 billion Assistance to the Automotive lIndustry Total $80 billion Through the TARP, the Treasury provided Written Off $20 billion $7 billion $80 billion in assistance to the U.S. automotive industry. Manufacturers General Motors and Chrysler received the bulk of that funding. Outstanding $37 billion Repaid $35 billion Mortgage Programs Total $13 billion Outstanding $3 billion The Treasury is expected to spend $13 billion $13 billion for programs that provide direct payments to mortgage servicers to facilitate modifications to mortgages. Anticipated Additional Disbursements $10 billion Investment Partnerships Total $22 billion Repaid $2 billion The Treasury created public-private partnerships to encourage private $200 million investment in certain types of financial Outstanding | $16 billion assets, such as residential and commercial real estate loans. Anticipated Additional Disbursements $4 billion Support for Other Financial Institutions Outstanding Total $246 billion $18 billion The Treasury purchased $206 billion of $25 billion preferred stock from nearly 800 financial institutions, mostly through the Capital Purchase Program. It also provided $40 billion in additional support to Citigroup and Bank of America. Repaid $225 billion Written Off $3 billion Notes: Numbers may not add up to totals because of rounding. Authors: Jonathan Schwabish and Courtney Griffith Sources: Congressional Budget Office; Department of the Treasury. Publication date: December 16, 2011 Troubled Estimated Actual and Projected Budgetary Cost Asset Cash Disbursements NET COSTS Relief TOTAL DISBURSEMENTS $34 billion $428 billion Program CBO's estimate of the total amount of money that will eventually be disbursed to businesses, financial institutions, and others. CBO's estimate of the cost of the TARP's transactions as measured on a present-value basis. (Present value is a single number that expresses a flow of current and future revenues or payments in terms of an For more information, see this CBO publication: Report on the Troubled Asset Relief Program- December 2011, Most of these disbursements have been or will eventually be repaid. Total disbursements are expected to amount to about 60% of the $700 billion that was initially authorized. equivalent lump sum received or paid today.) http://go.usa.gov/Ng6 Support for American International Group Estimated Gains Estimated Costs Total $68 billion Cash Disbursements and Repayments |Outstanding |$50 billion AIG received $68 billion in TARP funds, more than any other institution; Written Off $25 billion $2 billion of that amount, the Treasury has thus far recouped $16 billion. ; Repaid : $16 billion Assistance to the Automotive lIndustry Total $80 billion Through the TARP, the Treasury provided Written Off $20 billion $7 billion $80 billion in assistance to the U.S. automotive industry. Manufacturers General Motors and Chrysler received the bulk of that funding. Outstanding $37 billion Repaid $35 billion Mortgage Programs Total $13 billion Outstanding $3 billion The Treasury is expected to spend $13 billion $13 billion for programs that provide direct payments to mortgage servicers to facilitate modifications to mortgages. Anticipated Additional Disbursements $10 billion Investment Partnerships Total $22 billion Repaid $2 billion The Treasury created public-private partnerships to encourage private $200 million investment in certain types of financial Outstanding | $16 billion assets, such as residential and commercial real estate loans. Anticipated Additional Disbursements $4 billion Support for Other Financial Institutions Outstanding Total $246 billion $18 billion The Treasury purchased $206 billion of $25 billion preferred stock from nearly 800 financial institutions, mostly through the Capital Purchase Program. It also provided $40 billion in additional support to Citigroup and Bank of America. Repaid $225 billion Written Off $3 billion Notes: Numbers may not add up to totals because of rounding. Authors: Jonathan Schwabish and Courtney Griffith Sources: Congressional Budget Office; Department of the Treasury. Publication date: December 16, 2011 Troubled Estimated Actual and Projected Budgetary Cost Asset Cash Disbursements NET COSTS Relief TOTAL DISBURSEMENTS $34 billion $428 billion Program CBO's estimate of the total amount of money that will eventually be disbursed to businesses, financial institutions, and others. CBO's estimate of the cost of the TARP's transactions as measured on a present-value basis. (Present value is a single number that expresses a flow of current and future revenues or payments in terms of an For more information, see this CBO publication: Report on the Troubled Asset Relief Program- December 2011, Most of these disbursements have been or will eventually be repaid. Total disbursements are expected to amount to about 60% of the $700 billion that was initially authorized. equivalent lump sum received or paid today.) http://go.usa.gov/Ng6 Support for American International Group Estimated Gains Estimated Costs Total $68 billion Cash Disbursements and Repayments |Outstanding |$50 billion AIG received $68 billion in TARP funds, more than any other institution; Written Off $25 billion $2 billion of that amount, the Treasury has thus far recouped $16 billion. ; Repaid : $16 billion Assistance to the Automotive lIndustry Total $80 billion Through the TARP, the Treasury provided Written Off $20 billion $7 billion $80 billion in assistance to the U.S. automotive industry. Manufacturers General Motors and Chrysler received the bulk of that funding. Outstanding $37 billion Repaid $35 billion Mortgage Programs Total $13 billion Outstanding $3 billion The Treasury is expected to spend $13 billion $13 billion for programs that provide direct payments to mortgage servicers to facilitate modifications to mortgages. Anticipated Additional Disbursements $10 billion Investment Partnerships Total $22 billion Repaid $2 billion The Treasury created public-private partnerships to encourage private $200 million investment in certain types of financial Outstanding | $16 billion assets, such as residential and commercial real estate loans. Anticipated Additional Disbursements $4 billion Support for Other Financial Institutions Outstanding Total $246 billion $18 billion The Treasury purchased $206 billion of $25 billion preferred stock from nearly 800 financial institutions, mostly through the Capital Purchase Program. It also provided $40 billion in additional support to Citigroup and Bank of America. Repaid $225 billion Written Off $3 billion Notes: Numbers may not add up to totals because of rounding. Authors: Jonathan Schwabish and Courtney Griffith Sources: Congressional Budget Office; Department of the Treasury. Publication date: December 16, 2011

December 2011 - Misunderstood Finance

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CBO's infographic of the Troubled Asset Relief Program (TARP).

Publisher

CBO

Designer

Jonathan Schwabish & Courtney Griffith

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Unknown. Add a source

Category

Economy
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