Still $100 billion to go for TARP

NEW YORK (CNNMoney) -- It's been a pretty good week for the Treasury Department's bailout program.

Chrysler repaid a $5.9 billion high-interest loan, and Treasury is lowering its ownership stake in bailed-out insurer AIG through a stock sale that will bring in $8.7 billion.

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But the 2008 TARP program is far from a wrap: Taxpayers are still on the hook for $102 billion in loans.

Congress authorized $700 billion for the Troubled Asset Relief Program, but Treasury only paid out $411 billion. Of that amount, including the payments from Chrysler and AIG expected this week, $309 billion has been returned.

TARP loans were initially used to stabilize credit markets during the height of the financial crisis, and later to bail out automakers and jump start mortgage modification programs.

A couple years ago, it was anybody's guess whether these loans would be repaid. Now, various parts of the program are starting to pay dividends. Others, not so much.

Banks, many of which were on the brink of collapse in 2008, got $245 billion in the bailout bonanza. Not every bank has paid back those loans, and in fact, there is still $23 billion outstanding.

Posted in: Business-Economic