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Bailout

: Bailout Report

What the Bailout Costs

By Admin

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With the passage of the “Emergency Economic Stabilization Act of 2008″, the government led bailout is currently on track to cost over $1.8 Trillion, more than $17,000 per US household.

BAILOUT MEASURE TAXPAYER COST
Financial bailout package approved this week up to or over $700 billion
Bear Stearns financing $29 billion
Fannie Mae and Freddie Mac nationalization $200 billion
AIG loan and nationalization $85 billion
Federal Housing Administration housing rescue bill $300 billion
Mortgage community grants $4 billion
JPMorgan Chase repayments $87 billion
Loans to banks via Fed’s Term Auction Facility $200 billion+
Loans from Depression-era Exchange Stabilization Fund $50 billion
Purchases of mortgage securities by Fannie Mae and Freddie Mac $144 billion
TOTAL $1.8 trillion+
NUMBER OF US HOUSEHOLDS ~105,000,000
COST PER US HOUSEHOLD ~$17,000

With an assist from Reuters.

Full post as published by Bailout Report on October 06, 2008 (boomark / email).

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