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Created August 13, 2019 21:58
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Bank bailouts
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bailout.md

Bank Bailouts Since the Great Depression

An incomplete list.

Amounts in US dollars at the year of issue. See https://www.usinflationcalculator.com for current values.

  • 1974: Franklin National Bank. $1.75B loan.
  • 1984: Continental Illinois National Bank & Trust Co. ~$4.6B FDIC rescue package.
  • 1989: Savings & Loans. ~$142B Financial Institutions Reform Recovery and Enforcement Act.
  • 2008: Housing and Economic Recovery Act of 2008.
    • Bear Stearns. $30B line of credit to JP Morgan Chase, bought BS for $236M.
    • Fannie Mae/Freddie Mac. $400B under FHFA conservatorship;
    • AIG. $180B Treasury aid.
    • TARP. $700B. Various companies received funds from this pool.
    • Citigroup. Aid and protections totalling about $280B, ~$45B overlaps with TARP.
  • 2009: Bank of America. $142B aid and protections, ~$45B overlaps with TARP.
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