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Commentary

December 21, 2009

Chart of the Day: The $14 Trillion Bailout

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This comes from Nomi Prins, and it’s part of the package of bailout stories in the new issue of the magazine (available at newsstands now!). Click to see the whole chart, which adds up programs from both the Treasury and the Fed. The eventual cost to taxpayers of these programs will be less than $14 trillion, of course, but make no mistake: the value to the banking industry was the whole enchilada. And despite the much ballyhooed repayment of a fraction of the TARP funds, they’re still using most of it.

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