Thursday, January 21, 2010

It Takes a Pillage: Total Cost of the Wall Street Bailout = $13.3 Trillion

With all the media-spin focused on the TARP, most folks mistakenly assume that the Wall Street bailout cost the tax-payers $700bn, and now that the bankers have returned the funds, things are back to normal. Nomi Prins an ex-banker from Goldman Sachs, who is out with a new book It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street meticulously accounts for the trillions spent in the Wall Street bailout. According to her the total cost of the bailout so far has been $13.3 Trillion. Some of her latest statistics are captured below. For the detailed Bailout Tally Report click here.

TOTAL BAILOUT: $13.3 TRILLION ($20.1 TRILLION Including Fannie and Freddie Support)


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