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published by admin on Fri, 09/26/2008 - 10:09

The cost of deregulation is indeed very high --- to the U.S. taxpayer.

Bailout type	Cost to taxpayers (Source: Reuters)
Proposed Treasury Department legislation	$700 billion+
Bear Stearns financing	$29 billion
Fannie Mae and Freddie Mac nationalization	$200 billion
AIG loan and nationalization	$85 billion
Federal Housing Administration housing rescue bill	$300 billion
Mortgage community grants	$4 billion
JPMorgan Chase repayments	$87 billion
Loans to banks via Fed's Term Auction Facility	$200 billion+
Loans from Depression-era Exchange Stabilization Fund	$50 billion
Purchases of mortgage securities by Fannie Mae and Freddie Mac	$144 billion
TOTAL	$1.8 trillion+
COST PER HOUSEHOLD	$17,064+