Bailout Watch
An interactive cheat sheet on the trillions of dollars in federal rescue packages.
Mouse over the rings or labels to get a description of each bailout. (The ring in question will turn red when you mouse over it or the corresponding label. Pardon the acronyms—it's the only way to squeeze their ungainly names on the page.) In its default setting, the chart displays federal money committed (but not necessarily spent). To see how much of this money is already out the door, just click on "Spent" and watch the rings shrink to the size of expenditures to date.
When the graphic first loads, you see each bailout add on to the previous one in chronological order. To see the whole picture, just click "View All." Hit "Play" to see the animation again.
Methodology
The data for this graphic were gathered from a variety of sources, including the Federal Reserve, Slate, and CNBC. Some editorial judgment went into deciding which lending programs and federal guarantees to include in the chart; for example, we don't include total FDIC backing of financial institutions, which the very highest estimates typically do. As these loans are repaid (and new short-term loans are offered), some dollar amounts will fluctuate. Please e-mail The Big Money with any suggestions for programs to add or figures to update.
Update, Jan. 14, 4:30 p.m: The biggest news in government bailout circles since the New Year break was Barack Obama’s decision, supported by George W. Bush, to break the bank and go after the second half of the $700 billion in TARP money. None of this money has yet been committed, because Congress needs to approve it. Treasury announced on Tuesday that the first $350 billion had been fully allocated.
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Federal Reserve Folly
Treasury has loaned about half the $700 billion bailout. When government unconditionally fuses with private financial corporations, who's served? Jane Lunchlady's forced to service Bank of America, etc., not vice versa! That's Stamocap, state monopoly capitalism, big private financial corporations controlling the State. Expect loan refinance, then forgiveness. B. of A., etc. control the Bush Administration and Congress. The Federal Reserve now adds the folly of “easing.” It will create more money and buy discredited “financial products.” Jane L. doesn't sell them. B. of A., etc. made, bought and are stuck with them. Creation of money occurs along with creation of more debt (see the YouTube video “Zeitgeist Addendum, Modern Money Mechanics.”)
Left critics argue for ending war in fiscal restraint terms about the size of the national debt. Rightist critics appear paranoid about the power of Jewish European bankers. Both miss the problem. The debt and deficits matter less than growth of interest payments. That threatens America's ability to carry out our Constitutional commitment to promote our general welfare.
How do you know when your country is run by corporate infernal twins, Republicans and Democrats? Your kids are at war, based on lies, against poor people in weak nations, but antagonizing a billion Muslims, or Chinese... whatever. Your wallet is nearer empty; inflation and taxes for interest on the debt did it. Your weather is more extreme, the environment more depleted and toxic. And your dog is pregnant.
Only extreme campaign finance reform or mass defection from the infernal twins could take us off dynastic politics (Jeb v. Caroline 2016?) and “the middle of the road” to international disgrace and decline.
bailout
Ok who are we helping . The big guys . Come one we need help.