Otherwise, we'd have really gotten screwed with the TARP money. Here's part of how the criminal Bush regime ripped us off (h/t
Rawstory, charts from
Paul Kiel at Pro Publica).
| Amount Invested | Estimated Value | Subsidy % | Subsidy $ |
Citigroup | $25 billion | $15.5 billion | 38% | $9.5 billion |
Wells Fargo | $25 billion | $23.3 billion | 7% | $1.8 billion |
JP Morgan Chase | $25 billion | $20.6 billion | 18% | $4.4 billion |
Bank of America | $15 billion | $12.5 billion | 17% | $2.6 billion |
Morgan Stanley | $10 billion | $5.8 billion | 42% | $4.2 billion |
Goldman Sachs | $10 billion | $7.5 billion | 25% | $2.5 billion |
PNC | $7.6 billion | $5.5 billion | 27% | $2.1 billion |
U.S. Bancorp | $6.6 billion | $6.3 billion | 5% | $0.3 billion |
Next, an analysis of two of the emergency interventions (the analysis was done before Bank of America received an extra $20 billion last month):
| Amount Invested | Estimated Value | Subsidy % | Subsidy $ |
AIG | $40 billion | $14.8 billion | 63% | $25.2 billion |
Citigroup | $20 billion | $10 billion | 50% | $10 billion |
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