Who: Bear Stearns, via its sale to JPMorgan Chase. What: A New York Fed loan to a special vehicle (Maiden Lane LLC) that took $30B of Bear Stearns assets so JPMorgan would buy the firm.
$28.8B
committed or authorized
$28.8B
paid out
$31.3B
recovered (repayments, dividends, fees)
$2.50B
net profit (cash (Federal Reserve))
Outcome
Loan repaid in full June 2012; the last assets were sold in 2018 at a profit of about $2.5B, including interest.
Legal authority: Federal Reserve Act, Section 13(3).