Who: Investment funds buying troubled mortgage securities (PPIP), and small-business loan markets. What: Public-Private Investment Program partnerships, a backstop for the Fed's TALF, and purchases of SBA-guaranteed securities.
$19.1B
committed or authorized
$19.1B
paid out
$22.4B
recovered (repayments, dividends, fees)
$3.35B
net profit (Treasury lifetime estimate)
Outcome
Closed, at a profit.
Legal authority: Emergency Economic Stabilization Act of 2008 (TARP).