A Tally of the 700B of Bailout Money

With the news that banks are starting to give back money and “supposedly” the economy is pulling out of the ditch(I am not completely convinced of this, but would be ecstatic if it was true). People are wondering where did all the money go and are we now getting it all back. Well I was reading the Motley Fool and pulled up the following article, I have added the web address so you can read the article in full.

http://www.fool.com/investing/general/2009/06/19/where-did-all-the-bailout-money-go.aspx

Here is the table used in the article to tell you where the money went, the “source being from the Treasury’s official bailout website — financialstability.gov — here are the latest figures:”

Money Still Held by Banks $172.6 billion
Homeowners (mortgage modifications) $18.3 billion
AIG $69.8 billion
Auto Industry $85 billion
TALF ( Term Asset-Backed Securities Loan Facility) $20 billion
Already Repaid $70 billion
Uncommitted/Not Yet Spent $264.3 billion
Total: $700 billion

Consider yourself more informed for the day, I do.

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~ by debt2dreams on June 20, 2009.

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