Saturday, January 02, 2010

Wall Street bailout not $700 billion advertised; Real cost: $14 trillion

Behind The Real Size of the Bailout
(Mother Jones magazine) --

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 best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets. To get a sense of the size of the real $14 trillion bailout, see our chart here. Below, a guide to the pieces of the puzzle...MORE...LINK

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