The interest rate on TARP loans was well below market, so even though the banks did pay some interest it was still a sweetheart deal. Anyways, TARP was dwarfed

The interest rate on TARP loans was well below market, so even though the banks did pay some interest it was still a sweetheart deal. Anyways, TARP was dwarfed by Quantitative Easing. The FED printed around $1.8 trillion to buy distressed assets from banks. To this day the FED still holds some $1.7 trillion in mortgage backed securities on its books.