Cognitive Dissonance

"Democracy! Bah! When I hear that I reach for my feather boa!" - Allen Ginsberg

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Mother Jones breaks down where the money from the bailouts actually went and how big it actually was, as compared to what we’ve heard. All funds are in billions…
From MoJo:
 

The price tag for the Wall Street bailout is often put at $700 billion —the size of the Troubled Assets Relief Program. But TARP is just the tip of the iceberg of money paid out or set aside by the Treasury Department and Federal Reserve. In her book, It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street, Nomi Prins uncovers the hush-hush programs and crunches the hidden numbers to calculate the shocking actual size of the bailout: $14.4 trillion and counting.
(Figures current as of October 31, 2009. Click here for an explanation of the abbreviations and programs.)

Mother Jones breaks down where the money from the bailouts actually went and how big it actually was, as compared to what we’ve heard. All funds are in billions…

From MoJo:

The price tag for the Wall Street bailout is often put at $700 billion —the size of the Troubled Assets Relief Program. But TARP is just the tip of the iceberg of money paid out or set aside by the Treasury Department and Federal Reserve. In her book, It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street, Nomi Prins uncovers the hush-hush programs and crunches the hidden numbers to calculate the shocking actual size of the bailout: $14.4 trillion and counting.

(Figures current as of October 31, 2009. Click here for an explanation of the abbreviations and programs.)

Filed under Wall Street bailout money funds economy government politics chart TARP