Total for financial bailout so far
by Christopher Byrd | November 19th, 2008
Rough total for finacial bailout via Upstream via The Liberator Online
* $29 billion for Bear Stearns
* $143.8 billion for AIG (thus far, it keeps growing)
* $100 billion for Fannie Mae
* $100 billion for Freddie Mac
* $700 billion for Wall Street, including Bank of America (Merrill Lynch),
Citigroup, JP Morgan (WaMu), Wells Fargo (Wachovia), Morgan Stanley, Goldman
Sachs, and a lot more
* $25 billion for The Big Three in Detroit
* $8 billion for IndyMac
* $150 billion stimulus package (from January)
* $50 billion for money market funds
* $138 billion for Lehman Bros. (post bankruptcy) through JP Morgan
* $620 billion for general currency swaps from the FedROUGH TOTAL: $2,063,800,000,000
Yes, over $2 trillion dollars. As of November 7.
That’s about $6,800 for every man, woman, and child.
A mighty O U C H!
According to one economist, for every $100 million in bailout money there is $30 million in government overhead expenses.
Just ran across a CNBC article that puts the total cost of the bailout at $4.28 trillion.