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Containing the Financial Crisis

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Monday, November 24, 2008

Containing the Financial Crisis

What the U.S. government has spent, lent and pledged:

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Troubled Assets Relief Program (TARP)

· Congress pledged $700 billion to rescue the financial system.

Other Federal Bailouts

· In addition, the Treasury and the Federal Reserve have committed $200 billion to shore up Fannie Mae and Freddie Mac, $152 billion for AIG and $29 billion to Bear Stearns.

Federal Reserve Loans

· The Fed had $893 billion in loans outstanding last week to financial institutions and others.

Stimulus Plans

· In February 2008, Congress approved a $124 billion stimulus plan. President-elect Obama and congressional leaders could consider $500 billion to $700 billion package for early next year.


$2.6-$2.8 trillion

Note: List does not include certain expenditures, including cost of covering losses at banks seized by government; tax breaks for bank acquisitions; and a mortgage insurance program created by Congress.

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