A Graphic Look at the State of Our Economy
It’s been a year since the U.S. economy practically went to Hades in a handbasket, and since then the federal government sure has been busy trying to figure out where to allocate (read: throw) money to sort out the whole mess. Luckily, The New York Times has put together a handy graphic to help us all make sense of some of the bigger moments and movements in recent bailout history. –KA
The New York Times:
Capital for Financial Firms
In return for bailout cash, the Treasury now owns stock in hundreds of banks. The largest recipients are Bank of America ($45 billion) and Citigroup ($45 billion). Dozens of banks have returned these funds — $70.6 billion as of Sept. 11.