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: Eye on the Bailout

Your Bailout Update: $315 Billion in the Red

By ProPublica

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by Paul Kiel, ProPublica - March 8, 2010 12:40 pm EDT

The Treasury Department received $1.5 billion in a sale last week of Bank of America's common stock warrants. It also invested another $15.3 billion into Fannie Mae.After shrinking for several months, taxpayer exposure to the bailout jumped in February, due to Fannie Mae's receiving another $15.3 billion.

The toll stands at $315.3 billion. That number accounts for not only the bailout money still outstanding, but also the revenue that the government has collected from recipients. Included in that revenue is $1.5 billion the Treasury Department received last week for its auction of Bank of America's common stock warrants. Altogether, the government made a profit of about $4.6 billion through its investment in Bank of America.

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Full post as published by Eye on the Bailout on March 08, 2010 (boomark / email).

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