TARP

TARP stand for Troubled Asset Relief Program. It is a program passed by congress and signed into law in October of 2008 by then President Bush. Troubled assets were originally financial institutions adversely effected by the sub-prime mortgage crisis. The BHO administration has expanded the scope to include other entities critical to financial recovery. The total allotment of funds available is now $700 billion.

Its difficult to keep track of where all the money is going. The treasury department has never released a comprehensive list though it does release recipients periodically. Here is a list compiled from those releases.

Citigroup $50 billion
Bank of America $45 billion
AIG (American International Group) $40 billion
JPMorgan Chase* $25 billion
Wells Fargo $25 billion
General Motors $13.4 billion
Goldman Sachs* $10 billion
Morgan Stanley* $10 billion
PNC Financial Services Group $7.579 billion
U.S. Bancorp* $6.6 billion
GMAC Financial Services $5 billion
Chrysler $4 billion
Capital One Financial* $3.555 billion
Regions Financial Corporation $3.5 billion
American Express* $3.389 billion
BB&T* $3.1 billion
Bank of New York Mellon Corp* $2 to $3 billion
State Street Corporation* $2 to $3 billion
Discover Financial $1.230 billion
*Note that these companies* have refused or paid back this money
By my count, less than $200 billion of the $700 billion has been dispersed.
:D