Final Bailout Tab: $29B

Bank bailout is highlight of latest accounting
By Polly Davis Doig,  Newser Staff
Posted Oct 6, 2010 7:52 AM CDT
FILE - In this Jan. 27, 2010 file photo, former Treasury Secretary Henry Paulson testifies on Capitol Hill before the House Oversight and Government Reform Committee hearing on AIG.   (AP Photo/Pablo Martinez Monsivais, file)
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(Newser) – So it's not exactly zero, but the $388 billion the feds dumped into bailouts is going to end up with a final price tag of ... $29 billion, reports the New York Times. Most of Treasury's losses are focused in housing rescues ($46 billion) and the Detroit bailout ($17 billion), while other segments of TARP actually reaped profits—like the $22 billion feds expect to pocket when they sell their stake in AIG.

The much-maligned bank bailout was in fact the highlight of the Treasury report: Some 80% of loans made are back in federal coffers. Overall, $204 billion has been repaid—just over half of what was doled out.

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