JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,758
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How about the $85 BILLION MONTHLY that the Fed GIVES banks buying their worthless toxic subprime debt? The banks have gotten TRILLIONS of dollars off Uncle Sucker, so I have a hard time getting outraged over a company paying $70 MILLION in bonuses.
Daily Kos: The total cost of the Bank Bailout
TARP was only a small part of the Wall Street bailout. Most of the bailout was accomplished through the Federal Reserve.
The net total? As of November 10, 2011, it was $29,616.4 billion dollars (or 29 and a half trillion, if you prefer that nomenclature). Three facilitiesCBLS, PDCF, and TAF are responsible for the lions share 71.1% of all Federal Reserve assistance ($22,826.8 billion).
$29 Trillion is around twice the size of America's GDP.
The Federal Reserve claims they only lent $1.7 Trillion to the big banks. Why the huge difference in totals? Because the Fed only counts the most outstanding at any one time.
Here's a quick list of the Fed borrowers:
Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Daily Kos: The total cost of the Bank Bailout
TARP was only a small part of the Wall Street bailout. Most of the bailout was accomplished through the Federal Reserve.
The net total? As of November 10, 2011, it was $29,616.4 billion dollars (or 29 and a half trillion, if you prefer that nomenclature). Three facilitiesCBLS, PDCF, and TAF are responsible for the lions share 71.1% of all Federal Reserve assistance ($22,826.8 billion).
$29 Trillion is around twice the size of America's GDP.
The Federal Reserve claims they only lent $1.7 Trillion to the big banks. Why the huge difference in totals? Because the Fed only counts the most outstanding at any one time.
Here's a quick list of the Fed borrowers:
Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541 billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion