While mainstream keeps putting out the disinformation that the bank bailouts are all being paid back, this report sets the record straight for those of you who refuse to depend upon the ruling class to keep informed.
...Center for Media and Democracy research shows that money is still due to taxpayers under the TARP. More importantly, the research shows that the U.S. Treasury Department's ten TARP programs represent less than seven percent of the $4.7 trillion disbursed by the U.S. government in an effort to aid the financial services industry. Far more money has been disbursed by the Federal Reserve to prop up the financial system than by the U.S. Treasury, and those loans are still outstanding.***********************************************************************
The collapse of the U.S. housing bubble led directly to the largest industry bailout in U.S. history. While it will be many years yet before we can put a hard number on the amount of taxpayer dollars actually lost in the bailout, the Center for Media and Democracy's latest assessment of dollars disbursed in the bailout graphically illustrates the comparatively extraordinary lengths to which the federal government went to bailout the financial sector.
