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Of which many were forced to take and already paid it back.
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I think the "count" of those 700 banks is up around "6" that have paid back the loan in full. Not exactly "many", but were getting there.
Forced to take the loan I think is a little miss leading. The choice was fairly straight forward, risk letting them go broke or secure them to secure the US economy. Some banks were left to go broke, others were secured to stabilze the National economy.
I guess the other option was to simply let nature take it's course. Let AIG fail, let GM fail, let Wall St. fail. The best economic minds under two administrations, Bush and Obama, laid out a plan to do what they thought was best for the National economy. Of course they are all idiots and anyone of us here on the forum could have done a much better job.