We are occasionally reminded of the 2008 financial meltdown and its aftermath, and the taxpayer-funded bailouts of banks, insurance companies and an automobile manufacturer or two. The massive bailout, $633 billion approximately, was paid out to 982 entities. $633 billion went into TARP (Troubled Asset Relief Program). Fannie Mae and Freddie Mac received $192 billion of that.
Of those recipients, 780 were obligated to pay back the money. The rest, totaling $29.9 billion, received direct subsidies for TARP’s housing programs.
But who’s keeping track?Continue reading “Remembering 2008”