Taxpayers get screwed all the way around...
Trillions here
Agency Mortgage-Backed Securities (MBS) Purchase Program
http://www.federalreserve.gov/newsevents/reform_mbs.htm
Unlimited credit for GSEs seen as backdoor bailout
http://www.reuters.com/article/idUSTRE6044YU20100105
More here
“Pro Publica has been maintaining a list of bailout recipients, updating the amount lent versus what was repaid.
So far, 938 Recipients have had $607,822,512,238 dollars committed to them, with $553,918,968,267 disbursed. Of that $554b disbursed, less than half — $220,782,546,084 — has been returned.”
Whenever you hear pronunciations of how much money the TARP is making, check back and look at this list. It shows the TARP is deeply underwater.
http://bailout.propublica.org/list
http://www.zerohedge.com/article/no-big-banks-have-not-paid-back-government-bailouts-and-subsidies