Economic Charts

All economic charts are at the bottom of the page.

Sunday, December 5, 2010

Banks that Received Emergency Loans From the Fed

During the financial meltdown the FED issues more than 21,000 loans and deals to the banks to bail them out of their financial mess.  Some banks said they never needed the loans as they were on solid financial ground.  As you can see from this chart, they clearly did need the bailout, with Citigroup leading the pack in the number of loans/deals and the amount of money.  Our friends at Goldman Sachs, whom has given record bonuses during this mess, took 138 loans/deals for  $782,328 billion dollars.  Goldman gave out $5 billion in bonuses this year for people that did just 3 months worth of work (article here).  I guess the joke is on us the American Tax Payers, cause they are laughing all the way to the bank with our money. 

2009 bonuses were much higher between $19 and $20 billion ( ref article).  This extraction of money from the Middle class in America to the rich seems to have no end or moral governance.

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