To date, the treasury and federal reserve have spent, or have committed to spend, $4,284,500,000,000.00
Yes, just let that sink in a bit...
CNBC has been keeping a running tally of what has been spent, and how it compares to past expenditures in our nations history.
It's like, more than the Louisiana Purchase, more than funding for the entire 50 year existence of NASA.
More below the fold...
FINANCIAL CRISIS BALANCE SHEET
Government Entity Sum in Billions of Dollars
Federal Reserve
(TAF) Term Auction Facility 900
Discount Window Lending
Commercial Banks 99.2
Investment Banks 56.7
Loans to buy ABCP 76.5
AIG 112.5
Bear Stearns 29.5
(TSLF) Term Securities Lending Facility 225
Swap Lines 613
(MMIFF) Money Market Investor Funding Facility 540
Commercial Paper Funding Facility 257
(TARP) Treasury Asset Relief Program 700
Other:
Automakers 25
(FHA) Federal Housing Administration 300
Fannie Mae/Freddie Mac 350
Total 4284.5
Also, don't miss this slideshow of all the largest American projects in our history, and how they compare to this goddam bailout. And remember - who actually benefits from this bailout? Is it as many people as benefited from the Hoover Dam? The Panama Canal? The Marshall Plan?
We are getting SO screwed... But maybe there's hope; apparently, good ol' Chuck Hagel and Bernie Sanders (an odd couple if I ever saw one) might be putting a stop to the pillage!! (See David Sirota's DK post today)
UPDATE: Thanks to smchorse I added zeroes to the total - sorry,I'm just not used to writing out this many zeroes.....