Bailout Price Tag: $3.5T So Far, But 'Real' Cost May Be Much Higher
Yahoo Finance News
"Yes, $3.45 trillion has already been spent, as Bailoutsleuth.com details:
- $2T Emergency Fed Loans (the ones the Fed won't discuss, as detailed here)
- $700B TARP (designed to buy bad debt, the fund is rapidly transforming as we'll discuss in an upcoming segment)
- $300B Hope Now (the government's year-old attempt at mortgage workouts)
- $200B Fannie/Freddie
- $140B Tax Breaks for Banks (WaPo has the details)
- $110B: AIG (with it's new deal this week, the big insurer got $40B of TARP money, plus $110B in other relief)"
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