Bailout Banks facts
While investigating facts about Bailout Banks, I found out little known, but curios details like:
Entire 50-year operating budget of NASA from 1958-2008 was approximately 1/5th the cost of the 2008 Bank Bailout
how much did the banks get in bailout money?
The US has been in a state of emergency since 1933--it was to bailout the banks.
What banks did not get a bailout?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what if the government didn't bailout the banks. Here are 6 of the best facts about Bailout Banks I managed to collect.
what if we didn't bailout the banks?
-
Rep. John Dingell accurately predicted the 2009 government bailouts and formation of "too big to fail" banks in a speech to Congress that was voting on the repeal of the Glass-Steagall Act, in 1999.
-
In the 2015 spending bill, Kansas Rep. Kevin Yoder tucked a bill allowing US taxpayer bailouts of banks that trade the riskiest derivatives. This bill was written by Citibank.
-
If the £375 billion bailout of the banks in the UK was instead distributed to households in the UK, each household would have gotten £24,000.
-
Bear Stearns bank repaid its bailout loan of $12.9B in 1 business day (March 14 [Friday] - 17 [Monday], 2008)
