Saturday, February 07, 2009

BOY, IT'S A GOOD THING WE HAD AN MBA PRESIDENT

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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