The Business Insider breaks down the personal cost of bailout money for each American and guesses on the likelihood of getting paid back.
By
Lawrence Delevingne |
Posted: 11-05-09 |
11:04 AM |
E-mail Article
We took the top ten bailout recipients, from AIG to PNC, and divided the amount Uncle Sam threw at them by the number of Americans (308.84 million
and counting). Then we used a highly scientific guess to determine your chances of getting it back. It isn't pretty:
About the Author
The Business Insider is a business news and analysis site with deep financial, green tech, legal, strategy, and digital industry verticals, led by former Wall St. analyst Henry Blodget.
PNCTotal bailout:
$7.6 billionYour share: $24.69
Chances of getting it back: 75%
GMACTotal bailout:
$12.5 billionYour share: $40.61
Chances of getting it back: 20%
ChryslerTotal bailout:
$12.5 billionYour share: $40.61
Chances of getting it back: 2%
Wells FargoTotal bailout:
$25 billionYour share: $81.21
Chances of getting it back: 95%
Fannie MaeTotal bailout:
$44.9 billionYour share: $145.85
Chances of getting it back: 15%
Bank of AmericaTotal bailout:
$45 billionYour share:$146.20
Chances of getting it back: 85%
CitigroupTotal bailout:
$50 billion
Your share: $162.42
Chances of getting it back: 50%
General MotorsTotal bailout:
$50.4 billionYour share: $163.72
Chances of getting it back: .01%
Freddie MacTotal bailout:
$50.7 billionYour share: $164.70
Chances of getting it back: 5%
AIGTotal bailout:
$69.8 billion
Your share: $226.74
Chances of getting it back: 1%
On the other hand...
As Tim Geithner would tell you, if we hadn't done these bailouts, you'd be out way, way more due to the collapse of the financial system, so stop complaining!
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