Homeowners want to keep their homes. To date, there have been about $1 billion of SEC mortgage-related "settlements" with Wall Street. They are negotiated absent requiring any admission of guilt, nor a dial-back of foreclosures or increase in refinancings to help borrowers. With $7 trillion of value lost from the housing market in the past few years, people understandably want to revise their economic profiles. ~ Maomi Prins

That is the lowest estimate I have heard. Some guess it is closer to a $17 trillion drop in the value just of residential real estate.

TARP bailout funds totaled about $770 billion, $420 billion of which was spent after Obama took office.