Saturday, November 08, 2008

The Bailout Tally (So Far...)

For those of you that care:
$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 Fed
Rough total: $2,063,800,000,000
Ouch. After hearing BO speak yesterday, I have a terrible feeling that this is only the beginning. The Bush Legacy that keeps on giving... Whole thing here.