By Jake Berry on Thursday, October 25th, at 6: On the campaign trail, President Barack Obama has spoken much more of the bailouts for auto companies than their bank brethren. But, far from Detroit, the president raised the issue of the bank bailouts last week in New Hampshire.

Secrets and Lies of the Bailout - Rolling Stone

Speaking before a crowd of about 6, voters in Manchester, N. But, now, the question is, how much of the money has the government received back? We decided to crunch the numbers. To start, we reached out to the Obama campaign, which directed us first to the U. Treasury , which releases daily updates on the Temporary Assets Relief Program. But, of those the totals, the bank payments that the president referenced are only a portion.

And, as of Oct. These numbers differ slightly from those reported by ProPublica, a Pulitzer-winning investigative group, which tracks the federal figures on its Bailout Tracker.

But, the point is the same, noted Paul Kiel, who authors the Bailout Tracker. Those profits could rise even higher.

Bailout highly profitable for taxpayers, when you look at the right numbers - The Washington Post

The treasury, which purchased stock from banks, still holds investments in about of them. But, if we expand the definition, as ProPublica does, to include investment agencies and credit card companies, among other financial institutions, more than companies still have debts outstanding with the government, Kiel wrote in a September blog post. Most of these banks, however, are small institutions who are struggling to stay afloat, Kiel wrote.

Obama, Crimes, Murders, Fraud, Felony, Violations, Unconstitutional, War Powers, Donorgate, Navy Seal, Bail-Outs, TARP, Reparations

Of the plus, have fallen behind on their dividend payments to the treasury, he wrote, and, according to a March report by the U. Not all of the banks who received TARP money have repaid the loans. We rate this claim Mostly True.

President Barack Obama, speech in Manchester, N. Department of the Treasury, Daily TARP Update , October 18, ProPublica, Bailout Tracker , October 12, ProPublica, The Bailout: By the Actual Numbers , September 6, U.

Government Accountability Office, Capital Purchase Program: Revenues Have Exceeded Investments, but Concerns about Outstanding Investments Remain , March 8, E-mail interview with Matthew Anderson, spokesman for the U. Department of the Treasury, October 23, E-mail interview with Paul Kiel, reporter with ProPublica, October 23, We want to hear your suggestions and comments.

Barack Obama says banks paid back all the federal bailout money | PolitiFact New Hampshire

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