Tuesday, April 21, 2009

Treasury says about $110B left in bailout fund

On Tuesday April 21st, the United States Treasury Department reported that only 109.6 Billion dollars in resources remain in the government’s 700 billion dollar financial rescue fund. So far the United States Government has committed more then 117 Billion dollars to insurance giant AIG, banks such as Citigroup and Bank of America, and auto companies such as General Motors and Chrysler.
An additional 218 billion dollars has also been committed to banks to bolster their capital reserves. The federal stimulus package has also allocated more then 200 billion dollars to more then 500 banks nationwide, with even more banks continually applying for additional federal funding.

http://news.yahoo.com/s/ap/20090421/ap_on_bi_go_ec_fi/us_bailout_fund;_ylt=AnpXU9ubyY7DA5.t5SzMBg2yBhIF

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