$3.43 Trillion & Counting

The real cost of the Wall Street bailout.

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8/9/07: Fed and European Central Bank inject $154 billion into financial system.


8/10/07: Fed injects another $38 billion.


8/23/07: Fed injects $17.25 billion.


9/6/07: Fed adds $31.25 billion in reserves to US money markets.


3/24/08: Fed agrees to lend $29 billion to facilitate Bear Stearns acquisition by JPMorgan Chase.


3/27/08: Fed injects $200 billion of Treasury securities.


7/30/08: $300 billion Federal Housing Administration bailout passed.


9/7/08: Quasi-nationalization of Fannie Mae and Freddie Mac accompanied by a Treasury pledge to back $200 billion of their losses.


9/16/08: Fed agrees to pay $85 billion for 80% stake in aig. Also adds $70 billion in cash to keep credit flowing after Lehman Brothers fails.


9/18/08: Fed injects $180 billion to shore up money markets and $55 billon in overnight lending to US banking system.


9/29/08: Fed announces it will supply $330 billion to other central banks, triples supply of corporate short-term loans to $225 billion.


10/3/08: $700 billion bailout fund passed.


10/8/08: Fed authorizes another $37.8 billion for aig.


10/21/08: Fed injects $540 billion into money market funds.


10/27/08: Fed opens emergency commercial paper window, lends $144 billion in three days.


11/6/08: $100 billion added to commercial paper facility.


11/10/08: Fed gives aig another $27.5 billion.

total cost:
$3.4 trillion
Annual interest (at 5%): $170 billion


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