The Bailout By the Numbers

The Emergency Economic Stabilization Act of 2008 -- the law that authorized the federal government to shell out $700 billion in taxpayer dollars to banks, the auto industry, and troubled insurer AIG -- was passed by Congress, signed by former President George W. BushPresident George W. Bush, and went into effect on October 3, 2008.

Congress’ original intent was to use the money to buy and insure troubled bank assets, such as delinquent home mortgages. But over time, the Troubled Asset Relief Program took on another, broader mission: To pump enormous amounts of money into companies to prevent them from collapsing in the face of future losses.

The recipients have consisted of banks (such as Citigroup and Bank of America), automakers (such as General Motors and Chrysler), and mortgage servicers (such as PennyMac Loan Services and Countrywide Home Loans Servicing).

Here is a breakdown of where the money has gone, where it hasn’t, and what taxpayers have found themselves on the hook for in the year since Bush told the nation, at 2:03pm ET on Friday, October 3, 2008, that the bill had just cleared Congress, and that he was going to sign it into law.

• $573.3 billion -- Total amount proclaimed and/or distributed
• $72.8 billion -- Amount repaid to taxpayers
• 12 -- Number of programs
• 755 -- Number of recipients
• 655 -- Number of recipients that have repaid none of the bailout money
• 40 -- Recipients that have repaid taxpayers in full
• $389.6 billion -- Total amount outstanding (does not include proclaimed funds that have not been distributed)
• $14.4 billion -- Revenue for government from investments (dividends, interest, and stock warrants)
• 60 -- Mortgage servicers receiving taxpayer-provided incentives to modify home mortgage loans
• $22.3 billion -- Amount provided to mortgage servicers to induce mortgage modifications
• 2,965,980 -- Estimated number of qualified mortgages under program
• 360,165 -- Number of trial modifications started
• 12.1% -- Share of qualified mortgages that have been modified
• 83 -- Number of TARP recipients in California (leads the nation)
• 0 -- Number of TARP recipients in Montana and Vermont (the only states without TARP recipients)
• $23.7 trillion -- A worst-case scenario figure for the amount of money taxpayers could be forced to hand over if every program essentially fails. This eye-popping number should be taken with a grain of salt being that it is only an estimate.

Note: The figures were compiled from the following sources, using the most recent information available: U.S. Treasury Department, ProPublica, Office of the Special Inspector General for the Troubled Asset Relief Program