host: paul keil? guest: in large part of the profit we are getting in some areas -- a large part of the profit we are getting in some areas are offsetting some of the biggest losses. mortgage modification, automobiles, those are some of the biggest losses. host: paul keil, what will be done with the money? $700 billion set aside for the banks that were faltering. how much in total of that has been spent? what are the discussions about the rest of the money and how it might be spent? guest: right now we are still under $400 billion in terms of money that has gone out the door. off the mortgage modification program barely got started in terms of spending. in terms of what was left over, early on the treasury took the position that they could use the money that was repay by other companies -- repaid by other companies and apply it to other programs. that is still their position. at this point i do not think we will ever get to the point where we have spent the entire $700 billion of the tarp. host: paul

host: paul keil? guest: in large part of the profit we are getting in some areas -- a large part of the profit we are getting in some areas are offsetting some of the biggest losses. mortgage modification, automobiles, those are some of the biggest losses. host: paul keil, what will be done with the money? $700 billion set aside for the banks that were faltering. how much in total of that has been spent? what are the discussions about the rest of the money and how it might be spent? guest: right now we are still under $400 billion in terms of money that has gone out the door. off the mortgage modification program barely got started in terms of spending. in terms of what was left over, early on the treasury took the position that they could use the money that was repay by other companies -- repaid by other companies and apply it to other programs. that is still their position. at this point i do not think we will ever get to the point where we have spent the entire $700 billion of the tarp. host: paul