ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest. We strive to foster change through exposing exploitation of the weak by the strong and the failures of those with power to vindicate the trust placed in them.
History of Gov’t Bailouts, Updated
yahoo
stumbleupon
digg
reddit
del.icio.us
newsvine
facebook
The federal government announced this morning that it will pump another $40 billion into the still-hemorrhaging AIG by purchasing newly issued preferred shares through the Troubled Asset Relief Program. AIG also announced this morning that it lost $24.47 billion last quarter. The government also revised the terms of its initial loan, and the taxpayer tab for the revised bailout now stands at $150 billion. We have updated our bailout chart accordingly.
This story can be found on the web at the following address:
http://www.propublica.org/article/history-of-govt-bailouts-updated-111008/
Need to know more? Get ProPublica headlines delivered by e-mail every day.
Links
© Copyright 2009 Pro Publica Inc.
FREE REPRINTS
You can republish our articles for free, if you credit us, link to us, and don't edit our material or sell it separately. (We're licensed under Creative Commons, which provides the legal details.)