The Bailout!

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This is where the bailout begins!

Why wish for a bailout? The government is not around to bail you out! You'll have to bail your own self out! The right says I'll create jobs, the left says I'll create jobs. No you won't! MLM companies have a better chance of bailing you out. Scentsy moneyyyy!!!

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Here's a list of recent bailouts:

  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.)

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