$3.43 Trillion & Counting

The real cost of the Wall Street bailout.


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


In 2014, before Donald Trump announced his run for president, we knew we had to do something different to address the fundamental challenge facing journalism: how hard-hitting reporting that can hold the powerful accountable can survive as the bottom falls out of the news business.

Being a nonprofit, we started planning The Moment for Mother Jones: A special campaign to raise $25 million for key investments to make Mother Jones the strongest watchdog it can be. Five years later, readers have stepped up and contributed an astonishing $23 million in gifts and future pledges. This is an incredible statement from the Mother Jones community in the face of the huge threats—both economic and political—against the free press.

Read more about The Moment and see what we've been able to accomplish thanks to readers' incredible generosity so far, and please join them today. Your gift will be matched dollar for dollar, up to $500,000 total, during this critical moment for journalism.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.


We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.