Out of the $306.1 billion so far handed out under TARP since its inception, there has been an unrealized loss of $123 billion, compliments mostly of the big 4: C, BAC, WFC and JPM.

“This past week marked the largest downward slide of the Ethisphere TARP Index since its creation, losing just under $21 billion in value. Ethisphere estimates that more than a third of the TARP companies have lost at least 25 percent of their value to date," said Stefan Linssen, Managing Editor of Ethisphere Magazine and one of the lead research analysts behind the Ethisphere TARP Index. “More rumors surfaced that Bank of America would take the path of Citigroup and have the Treasury convert a substantial amount of its preferred shares to common stock, though CEO Ken Lewis continues to adamantly deny that the bank will need any more infusion of capital of any kind. Aside from Citigroup, Ethisphere estimates that the rest of the calamity investments were relatively stable this past week.”

The largest estimated losses to date under TARP are: 1. Citigroup (C) – with an estimated loss of $35.9 billion 2. Wells Fargo (WFC) – with an estimated loss of $12.5 billion 3. Bank of America (BAC) – with an estimated loss of $11.3 billion 4. JP Morgan (JPM) – with an estimated loss of $6.3 billion



The largest estimated gains to date under TARP are: 1. Great Southern Bancorp (GSBC) – with an estimated gain of $11.1 million 2. Community Bankers Trust Corp (BTC) – with an estimated gain of $2.0 million 3. First Citizens Banc Corp (FCZA) – with an estimated gain of $1.5 million