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How Much Our Government Has Lost on TARP


Wow. You think your personal portfolio has taken a hit, check out how much the government has lost so far on the Troubled Asset Recovery Program (TARP). According to an index put together by a corporate ethics advocacy group called Ethisphere, we’ve lost $107.7 billion or 55% of our money so far. This amounts to a loss of $768 for each taxpaying household.

Here are the results through February 20, 2009

Biggest losers

1. Citigroup (C) – loss of $21.8 billion or 87.2 percent

2. Bank of America (BAC) – loss of $20.0 billion or 79.9 percent

3. Wells Fargo (WFC) – $16.3 billion or 65.2 percent

4. JP Morgan (JPM) – loss of $12.5 billion or 50.0 percent

Biggest gainers

1. Morgan Stanley (MS) – gain of $699.4 million or 7.0 percent

2. BB&T Corporation (MSDXP) – gain of $63.9 million or 2.0 percent

3. 1st Source Corporation (SRCE) – gain of $17.5 million or 15.7 percent

Top performers on a relative basis include:

1. Great Southern Bancorp (GSBC) – gain of 27.1 percent or $15.7 million

2. Monarch Community Bancorp (MCBF) – gain of 17.7 percent or $1.2 million

3. 1st Source Corporation (SRCE) – gain of 15.7 percent or $17.5 million

Worst performers on an absolute basis include:

1. US Bancorp (USB) – loss of $4.1 billion or 62.6 percent

2. SunTrust Banks (STI) – loss of $3.8 billion or 78.8 percent

3. PNC Financial Services (PNC) – loss of $3.8 billion or 50.2 percent

Worst performers on a relative basis include:

1. Huntington Bancshares (HBAN) – loss of 85.1 percent or $1.2 billion

2. Webster Financial Corp (WBS) – loss of 80.5 percent or $321.9 million

3. Marshall & Ilsley Corporation (MI) – loss of 79.4 percent or $1.4 billion


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