::I added the $ details. TARP is the #1 bailout program--demanded by Bush and signed by him in Oct 2008--at $700 billion. That money covers the banks and GM bailouts, for example. In addition Bush gave guarantees for hundreds of billions of toxic assets for AIG, Fanny Mae and Freddy Mac (as well as some banks like Wachovia and Washington Mutual)--how much of the guarantee $$$$ actually will be spent is a big unknown as of today. Some specific details are at [[Financial Crisis of 2008]]. [[User:RJJensen|RJJensen]] 02:34, 5 August 2009 (EDT) | ::I added the $ details. TARP is the #1 bailout program--demanded by Bush and signed by him in Oct 2008--at $700 billion. That money covers the banks and GM bailouts, for example. In addition Bush gave guarantees for hundreds of billions of toxic assets for AIG, Fanny Mae and Freddy Mac (as well as some banks like Wachovia and Washington Mutual)--how much of the guarantee $$$$ actually will be spent is a big unknown as of today. Some specific details are at [[Financial Crisis of 2008]]. [[User:RJJensen|RJJensen]] 02:34, 5 August 2009 (EDT) |