Everything you’ve ever wanted to know about the bailout, but where afraid to
ask. I just stumbled upon this site ProPublica and it looks like they have some good stuff going on over there if you’re into
macroeconomic news. You actually have to click on the link for the graph to appear as it’s much more visually appealing then.
OUTFLOWS: $538 billion This includes money that has actually been spent, invested, or loaned.
45.5% of total
26.9%
14.8%
8.8%
INFLOWS: $226 billion Money returned and paid to Treasury as interest, dividends, fees or to repurchase their stock warrants.
Net Outstanding $312 B (58.0% of outflows)
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| Goldman Sachs stood to benefit from the AIG bailout because Goldman had roughly $20 billion in insurance-like credit-default swaps with AIG — essentially bets by the investment bank that the housing market would go south. But if AIG collapsed, Goldman wouldn’t be able to collect on the bets. When the government instead bailed out AIG, taxpayers paid out the swaps at full face value, and Goldman Sachs got $12.9 billion– more than any other of AIG’s customers. |
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