| |
Bear Stearns |
2008 |
JP Morgan Chase and the federal government bailed out Bear Stearns when they neared collapse. The Federal Reserve provided a $30 billion credit line to ensure the sale could move forward. |
$30 billion |
| |
Fannie Mae / Freddie Mac |
2008 |
Under the terms of the rescue, the treasury has sunk a lot of cachingos into these faltering institutions. Initially, Treasury Secretary Hank Paulson put a ceiling of $100 billion for investments in each company. In February, Tim Geithner raised it to $200 billion. The money was authorized by the Housing and Economic Recovery Act of 2008. |
$400 billion |
| |
American International Group (A.I.G.) |
2008 |
On four separate occasions, the government has offered aid to AIG to keep it from collapsing, rising from an initial $85 billion credit line from the Federal Reserve to a combined $180 billion effort between the Treasury ($70 billion) and Fed ($110 billion). ($40 billion of the Treasury’s commitment is also included in the TARP total.) |
$180 billion |
| |
Auto Industry |
2008 |
In September 2008, Congress approved a $630 billion spending bill, which included a measure for $25 billion in loans to the auto industry. |
$25 billion |
| |
Troubled Asset Relief Program |
2008 |
TARP, baby! |
$700 billion |
| |
Citigroup |
2008 |
Citigroup received a $25 billion bailout through TARP in October and another $20 billion in November. (That $45 billion is also included in the TARP total.) |
$45 billion |
| |
Bank of America |
2009 |
BoA gets $45 billion. (That $45 billion is also included in the TARP total.) |