Nice interactive graphic from WSJ showing a breakdown of the funds funneling cash into large banks via all manner of Treasury and Federal Reserve programs, including:

Capital Purchase Program, Troubled Asset Relief Program (TARP), Automotive Industry Financing Program, Targeted Investment Program (TIP), Consumer and Business Lending Initiative (TALF), Citigroup Asset Guarantee Program, Bank of America Asset Guarantee Program, Systemically Significant Failing Institutions, Home Owner Affordability & Stability Plan, Public Private Investment Program (PPIP) and Unlocking Credit for Small Businesses.

Click for interactive graphics

bailout-tracker-wsj

Category: Bailouts, Federal Reserve

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

14 Responses to “Bailout Tracker: TARP, TIP, PPIP and TALF”

  1. DeDude says:

    A chart of the dysfunctinalism of capitalism. You spook these stupid capitalists a little bit and this is the kind of interventions needed to clean up after them. Makes you wonder if central planning of capital allocations may be a better way to go, provided you could get rid of the human (error) factor in the planning and let the computers run it :-).

    I mean the reason we have all these problems with capital allocations is that humans are scared sheep that runs like hell first in one direction and then in the other, and almost always just because everybody else is running in that direction. The computers would never be affected by stupid human emotions like greed and fear. Now you would need one heck of a good program, right Hal. But then comnpared to the errors of humans, its hard to imagine that they could do worse.

  2. drey says:

    And there WILL be a quiz…

  3. Bruce N Tennessee says:

    I have a question about bailouts. If we are going to pass this energy legislation, and this is going to cost us real dough to do so…why are we not going to sanction anyone who doesn’t follow us?

    http://www.nytimes.com/2009/06/29/us/politics/29climate.html?_r=1&ref=business

    Obama Opposes Trade Sanctions in Climate Bill

    …I mean we are going to “bail out” the world’s climate and our energy is going to be more expensive..a given. Now that we’ve got our panties in a wad, why give the remaining slackers any reasonable doubt?
    Could it be that they own our treasuries, and could really hurt us?

  4. thetanman says:

    Bruce,

    The fascinating thing is that if the climate change people are right, we’re doomed no matter what the West does. China has passed us in GHG emissions and India will too. The numbers all point to us being burnt to a cinder.

  5. The Curmudgeon says:

    as opposed to just being “thetanman”:)

  6. cvienne says:

    @thetanman

    “The numbers all point to us being burnt to a cinder”

    Think of how fast you’ll get that tan now my friend! Your “productivity” on that measure will soar!

  7. DeDude says:

    Bruce;

    Having grown our economy on cheep energy and release of more than 10 times as much greenhouse gases per capita as those undeveloped countries, it may not be fair for us to say: OK now everybody cut their emissions in half.

  8. Pat G. says:

    Ahhh..the bliss of being an American corporation that is categorized as TBTF; all upside, no downside.

  9. Andrew Krone says:

    Absolutely disgusting… really sad actually.

  10. randy says:

    If you are interested in getting hold of the raw data set then do this:

    * Firefox with the noscript plug-in.
    * Visit that page with scripting disabled. You get an error that you have javascript disabled and you get the raw complete data set.
    * I copied and pasted it into a text document, and then opened that tab-delimited file in Excel. It has no column headings, but those are easy once you enable the scripting on the page.

    Then you can have a little more fun with the numbers. Like, sort and subtotal by state to find out who has the most effective congress-people. Or plot the money over time.

    Here’s the by-State totals:
    Company Headquarters Capital Disbursed
    NY Total $175,019,020,000
    MI Total $70,257,455,971
    NC Total $48,652,737,000
    DE Total $36,170,845,000
    CA Total $33,723,750,000
    PA Total $10,338,427,000
    OH Total $7,840,580,000
    MN Total $7,122,950,000
    GA Total $6,258,301,000
    IL Total $4,404,498,000
    NJ Total $4,186,836,000
    VA Total $4,170,690,000
    TX Total $3,773,895,000
    AL Total $3,691,136,000
    IA Total $2,601,438,000
    WI Total $2,506,477,000
    MA Total $2,340,551,000
    UT Total $2,077,157,000
    MO Total $1,936,374,000
    PR Total $1,392,000,000
    TN Total $1,221,137,000
    WA Total $976,351,000
    FL Total $782,297,000
    OR Total $715,927,000
    IN Total $649,155,000
    CO Total $646,110,000
    SC Total $615,824,000
    LA Total $497,992,000
    MD Total $442,575,000
    CT Total $433,061,000
    MS Total $380,671,000
    AR Total $323,197,000
    KY Total $191,443,000
    NV Total $142,672,000
    HI Total $135,000,000
    KS Total $131,441,000
    OK Total $109,147,000
    WV Total $93,345,000
    ND Total $85,843,000
    ID Total $61,791,000
    ME Total $58,427,000
    NM Total $45,539,000
    NH Total $40,754,000
    SD Total $40,568,000
    NE Total $37,337,000
    RI Total $31,065,000
    WY Total $8,100,000
    DC Total $6,000,000
    AK Total $4,781,000
    AZ Total $2,568,000

    Here’s another interesting slice. This is the non-financial industry recipients, subtotaled by State:
    Company Headquarters Capital Disbursed
    Auto makers and suppliers:
    MI Total $69,524,778,971
    DE Total $15,743,000,000

    Homeowners, consumers, and small businesses:
    DE Total $20,000,000,000
    CA Total $6,118,840,000
    NJ Total $3,552,000,000
    IA Total $2,410,010,000
    PA Total $1,464,950,000
    MO Total $1,079,420,000
    TX Total $768,580,000
    UT Total $660,590,000
    FL Total $553,380,000
    CO Total $459,550,000
    OR Total $453,130,000
    MN Total $91,010,000
    PR Total $57,000,000
    VA Total $16,520,000
    WA Total $770,000

    I understand why NY, NC, and DE get the lion’s share of the financial industry money. But why does DE get so much other money, compared to what other States’ company’s got? TALF?!?! What is TALF LLC, which I have never heard of but got $20B?
    http://www.pattonboggscapitalmarkets.com/resources/2009_02_25/feds/
    Looks like a slush fund to me.

    Total of $437B dispersed and $63B repaid. Maybe those numbers are already in the article…

    It seems meaningful that the 31 who have repaid anything have each repaid everything*. So no one is making partial payments on their repayment. They are sitting on all of their cash until the moment they can repay the whole amount. Maybe this signals that the TARP regulations need to be fine-tuned to include a graded scale and encourage partial repayments.

    * There are a few companies that have multiple receipts (GM being the biggest) who have repaid some but not all of their receipts. We don’t have repayment dates. I’m curious why they repaid their first $884M.

    I’d like to see a similar chart for the big economic stimulus package. Based upon the sensational reports I’ve seen I’m guessing that those reports will not be forthcoming.

  11. jc says:

    Those $$ by location are very interesting. GM and C bailouts show up in MI but they are spread across many states. BAC in NC grabs WAMU in WA and ML in NY and those $$$ show up in NC.

    Where it gets interesting is when CA with 40M residents demands help and then other states follow, why is there US help for private enterprises but nothing for states – esp states (CA,FL etc) which have been harmed by the actions of the private enterprises?

    If team O’B plays hardball and says no to these states and they default and all muni bonds add a healthy risk layer then we enter another downleg for sure.

    The bubble states RE issues are still the canary in the cage, even if the canary is on the floor of the cage.If the canary dies then all hell breaks loose(r). Then we have the BIG great depression not the new great depression.

  12. thetanman says:

    I guess I’ll have to change my handle.

    DeDude,

    Hell no it wouldn’t be fair, and China has told us to go to hell on Global warming. And cap and trade in Europe didn’t reduce emissions. In fact, from the numbers, its difficult to tell it did anything.

  13. leftback says:

    “Then we have the BIG great depression not the new great depression.”

    It’s a question of WHEN not IF.

  14. Onlooker from Troy says:

    randy

    It’s because DE is the incorporating capital of the nation. I’m not an expert but apparently they’ve got a friendly legal and financial (taxes?) environment for corporations and therefore attract many, many corporate headquarters. Such a tiny state, they just might run out of room some day! :)