The quick answer is that we don't know. This is unbelievable, given that public tax money was used. As reported by the NYT, lawsuits brought by Bloomberg and FOX, as well as an Congressional effort to audit the Federal Reserve seek answers to these questions:
Who got money from the Fed? How much did they get? In exchange for what collateral? And under what terms?
Sometimes I try to imagine what it would be like to be a great and powerful king from the Middle Ages. I’m talking about kingly kings—those who would be deemed successful by other kings. If you were one of those top 25 percentile kings, just think of all the people waiting on you, and imagine all of your privileges, including your own court jester to entertain you, and lots of soldiers that you can use to expand or defend your territory. You would get to live in a beautiful big castle, and people from all around would seek your attention and bestow complements and gifts upon you and your family. Some of those visitors would come from far away and they would tell you stories from distant lands. If you got sick, the wisest doctor in the area would come to your service to give you the best health care available in the Middle Ages. Could there possibly be a better way to live than being a successful king?
I then wonder how being a king would compare to living the life of an average American in modern times. Consider that the median household income for an American family in the year 2007 was about $50,000, and that this can buy you a lot of things. The average American has access to foods from all around the world by visiting the local grocery store. American families typically own automobiles that can go much faster and much farther than the horse of any king. The average American can use a television or computer to hear news from anywhere in the world. Using the Internet, the average American has a "library" thousands of times bigger than the library of any king. Americans don't have to imagine what it would be like to walk on the moon. They have photos and movies of people walking on the moon. They don't have to wonder what Mars looks like, because they have 
stunning photos. They don't have to wonder what stars actually are, or how big the universe is -- they have scientific answers to these questions and answers to many other questions that Kings wouldn't even know how to ask. The average American family has the option to stare at a large colorful television screen in their own home in order to be entertained by images and sounds that could not even be imagined by a king. When Americans get sick, they can go to hospitals that offer them stunningly effective cures for many maladies. The houses of average Americans are always kept warm in the winter and cool in the summer. A couple times each year, many Americans get to step into large silver machines that fly them to faraway places, traveling hundreds of miles per hour, where they capture incredible images with digital cameras. And then they share them with their Facebook kingdoms of hundreds of “friends.” You get the idea.
Now let's assume that you could transport a Middle Ages king to modern times, and let him live the lifestyle of an average American for a few weeks. Here’s my opinion of what would happen:
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Most people don't think much about how their electricity is produced. It turns out that half of the electricity in the United States is produced by burning coal. Maybe you're thinking "So what?" Here's why you should care. There is no such thing as "clean coal," it is still a fantasy, not a reality. Mining coal releases dangerous amounts of mercury into the human environment, including 48 tons of mercury, "the largest source of man-made mercury pollution in the U.S." Burning coal releases massive amounts of carbon dioxide. Coal is dangerous. And see here. In the United States, we burn a railroad car worth of coal every 3 seconds. This year, your family will burn 1,000 pounds of coal just to run your clothes dryer (yet many communities make it illegal to dry your clothes on a line outside). Each year, a 500 megawatt coal plant burns 1.4 million tons of coal. It also produces:
The average household in the U.S buys, on average, 900 kWh of electricity per month, roughly every 30 days. If we multiply 30 days times 24 hours, we find that there are 720 hours in a month. The average household, therefore, is responsible for consuming 1.25 pounds of coal per hour (900 kWh = 900 pounds divided by 720 hours). (Note: your mileage may vary, as we are assuming an ‘average’ house here. Check your utility bill for the past 12 months for your actual kilowatt-hour usage.) There are 8,760 hours in a year, so if we multiply 1.25 pounds by 8,760, we find that the ‘average’ house using 100% coal-generated electricity is responsible for the burning of 10,950 pounds of coal for the electricity they consume per year. That’s nearly 5.5 tons!The question, then, is why we don't work harder to be more energy efficient? We could construct buildings that are close to carbon neutral (and see here). We could massively reduce our energy use without reducing our quality of life. Each of us could help in dozens of easy ways. Consider, too, that peak coal is approaching; don't believe the hype that there are many decades of cheap coal left. With all of these problems with coal, why does the U.S. Department of Energy website tout the virtues of coal without disclosing the dangers? Why doesn't the DOE discuss energy conservation as a means of drastically reducing the amount of coal we burn? The logic is indisputable: Those areas of the country that depend heavily on coal could cut the trainloads of coal they burn in half if they cut their use of electricity in half. There are easy ways to cut the our use of energy (and see here). We could live smart, if only we had the will, if only we would take the time to consider that there are far better options. If only we thought about it, we would realize that our energy-wasteful habits are killing American industry. Unfortunately, we live in a country that doesn't know how to stop bad things from happening and to make good things happen. We are squandering our future. It's pathetic for a country that talks such a big game to fail so miserably. Isn't it time to start writing a happier ending to this sad story? Here's how. Talk to your friends and neighbors about the dangers of coal. Take the time to learn more about coal. Read this Sierra Club publication: The Dirty Truth About Coal. And when you're trying to decide who to believe, remember that the Sierra Club isn't trying to make a profit, unlike those who want to burn ever-larger amounts of coal.
There's an excellent collection of gay soldier cartoons at Cagle Cartoons.
In June 2008, J.K. Rowling gave this delightful and insightful commencement speech recognizing the upside of failure. J.K. Rowling Speaks at Harvard Commencement from Harvard Magazine on Vimeo. How is failure essential? Rowling told the audience that it "strips away the unessential" and sets us free to see what really matters. Rock bottom can become "a solid foundation." In fact, she urged that it is "impossible to live without failing at something." Rowling's 20-minute talk is filled with nuggets of wisdom, and illustrated with stories about people with the courage to freely think and act, as well as those who dared to value empathy more than "rubies."