For everyone tired of burying their heads in the sand.

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About the Author:
"Ozzy" is a senior year political science student at California State University Long Beach, soon to graduate and move on to law school. Interests include current events, political ideologies, income disparity, issues of campaign finance, wall-street reform, health care reform, first amendment rights, education, benefits for salaried workers, tax reform, future politics, modern warfare (not the video game), and World of Warcraft.

29th September 2011

Post with 75 notes

So, How much money has the government given away to Wall Street since 2008?

      $9.1 Trillion from the Federal Government

      $2.5 Trillion from the Treasury

      $1.5 Trillion from the FDIC

      $1.4 Trillion from a joint effort from the FDIC, Treasury, and Government

+    $300 Billion from a Housing Bill, which was primarily pork barrel legislation

__________________

$14.7 Trillion

+ Interest

__________________

= $16,100,000,000,000

That’s more than twice every war that the United States has waged in its lifetime, combined.

Source: It Takes a Pillage; Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street by Nomi Prins

Tagged: bailoutspoliticsfinanceNomi PrinsFDICTreasuryFederal Government

  1. ostrichsyndrome posted this