Atomic Bob's Stock Forum - The Golden Thread

It took $19 trillion in public funds to â€œsave the financial systemâ€. That came out of your pocket. But hereâ€™s who doled out the money, and exactly where it went.
By: capt_nemo in POPE 5
Sun, 13 Jan 19 7:04 AM

Msg. 20146 of 62138

Where the Money came From

Federal Reserve $8.2 trillion; included bank loans and asset guarantees.

Treasury Dept. $6.8 trillion; included TARP funds, stimulus spending, and tax benefits.

Other $654 billion; included $134 billion from FHA to guarantee residential mortgages.

Joint Treasury, Fed set aside $1.3 trillion to buy bad bank assets and help Citigroup.

FDIC $2.3 trillion in liquidity guarantees; beefed up deposit insurance.

Where It Went

Wall Street $17.5 trillion; much of it went to banks and to supporting Fannie and Freddie.

U.S. Citizens Got $1.8 trillion in tax benefits, subsidies, indirect mortgage guarantees.

http://www.newsweek.com/tracking-19-trillion-bailout-funds-215852

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