A number of people have asked me to document how we have spent over $4 trillion in #bailout money. Turns out, the graphic below was a snapshot of bailout money and now the total has risen to almost $7 trillion. I believe the final total may top $15 trillion. Of course, I said all this months ago but it feels somewhat good to say, “I told you so” to some folks.

1. See the figures below.
2. Bloomberg estimates that the Federal Reserve has spent $3 trillion and pledged $5.7 trillion which would make the total bailout over $12 trillion.
3. I was on a radio program with Congressman Steve Pearce (R-NM) recently and he confirmed that trillions are being spent without approval of Congress.

Financial Crisis Balance Sheet

Government Entity	Sum in Billions of Dollars
Federal Reserve
(TAF) Term Auction Facility	900
Discount Window Lending
Commercial Banks	99.2
Investment Banks	56.7
Loans to buy ABCP	76.5
AIG	112.5
Bear Stearns	29.5
(TSLF) Term Securities Lending Facility	225
Swap Lines	613
(MMIFF) Money Market Investor Funding Facility	540
Commercial Paper Funding Facility	1800
TALF	200
(TARP) Treasury Asset Relief Program	700
Other:
Automakers	25
(FHA) Federal Housing Administration	300
Fannie Mae/Freddie Mac	350
TARRA – The American Recovery and Reinvestment Act	787
Total	$6,814.5

*References includ US National Archive, US Dept of Defense, US Bureau of Reclamation, Library of Congress, NASA, Panama Canal Authority, FDIC, Brittanica, WSJ, Time, CNN.com, and a number of other websites.