No, You Haven't Paid Us Back

Not that you'd know it from the current meme push of "Wall Street has paid us back with interest."

Slate does us a solid and points out other federal payouts are still outstanding.

ZeroHedge put together a chart for the Temporary Liquidity Guarantee Program back in 2008, showing outstanding federal loans to everybody's favorite free market capitalists.

See any names you recognize?

(Amounts are in thousands).

These are low interest loans by the government to corporations to get them through a rough patch. The missing piece is what this chart looks like now. I'd be very impressed if Citi, BoA or Goldman have paid in full as of today.

Somehow I think they've been putting the money to other uses.

Then there was the Home Affordable Modification Program, where according to Slate's Daniel Gross:

...the government writes checks to lenders who made reckless loans so that they can modify them and keep people in their homes. Funds issued under the HAMP are not expected to be paid back.

Wells Fargo's gotten over $3 billion under that program, CitiMortgage (of CitiGroup) just over $2 billion, and BoA's subsidiary CountryWide tops the list with a revised cap of over $6 billion.

That money by design, is never coming back.

CJR's Ryan Chittum points out the missing part of the public dialog about banks:

I’d like to see from the press is a full accounting (as much as is possible) of the total direct and indirect subsidies the banks have received from taxpayers. Let’s see those numbers.

Yes, lets. Bloomberg? ProPublica? Anybody?

What's was the tab and where are we really at now?