All this money … going, going, gone!!
Trading School (June 11th, 2009) Writes:
I found this by chance on CNN. It’s just plain scary to me. What do you think?
Adam
Troubled ASSET RELIEF PROGRAM
Financial rescue plan aimed at restoring liquidity to the financial markets
Program
Committed
Invested
Description
American International Group
* See complete AIG bailout below
$70 billion
$69.8 billion
$40 billion in preferred shares were converted to so-called non-cumulative shares that more closely resemble common stock. Treasury later offered another $30 billion in preferred shares for up to 5 years, in return for a 10% dividend.
AIG: Where your money is going
Asset Guarantee Program
Citigroup
Bank of America
$12.5 billion
$5 billion
$7.5 billion
$5 billion
$5 billion
$0
Funds set aside to backstop potential losses to government from Citigroup and Bank of America loans.
Auto Supplier Support Program
GM Supplier Receivables
Chrysler Receivables
$5 billion
$3.5 billion
$1.5 billion
$5 billion
$3.5 billion
$1.5 billion
Program to help stabilize ...
Tags for this Post:
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Adam, American International Assurance Company;, American International Group, American Life Insurance Company;, Asset-Backed Commercial Paper Money Market Mutual Fund, Asset-Backed Commercial Paper Money Market Mutual Fund, bank takeovers, Bank, bank fails, Bank Failures, Bank Of America, Bear Stearns, Citigroup, Cnn, Credit union deposit insurance;, Dealer Credit Facility;, failed investment bank;, Fannie Mae, Fdic, Federal Reserve facility;, Federal Reserve System, Freddie Mac, General Motors, Investing Lessons, issued bank bonds;, Jpmorgan Chase, life insurance holding company subsidiaries;, Life Insurance Policies, Loan Facility, Market Commentary, Market Investor Funding Facility;, Merrill Lynch, Mortgage Finance, National Credit Union Administration;, new york fed, Paper Funding Facility;, Term Auction Facility, Term Securities Lending Facility, Trading Lessons, trading school, U.S. Central Federal Credit Union;, United States, Us Government, USD, WesCorp;, White House


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