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: Eye on the Bailout

New Bailout Page: How Deep Is the Gov?t in the Red?

By ProPublica

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by Paul Kiel, ProPublica - February 12, 2010 1:08 pm EDT

Our New Bailout Summary PageSince the bailout began in October 2008, we've tried to keep you up to date on just how deep in the red the government is. Now we've launched a special page of our site just for that purpose.

Our bailout database tracks every dollar and every recipient. Our summary page gives an overview not only of how much money has gone out the door, but also how much the government has reaped in revenue.

If you check it out, you'll see that, cumulatively — we track both the TARP and the separate bailout of Fannie Mae and Freddie Mac –  the bailouts are at $306 billion net outstanding. We arrive at that number by accounting not only for the bailout money that has been returned, but also for the revenue that the government has received as a result of its investments and loans: dividends, interest, fees and warrant proceeds.

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Full post as published by Eye on the Bailout on February 12, 2010 (boomark / email).

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