Chart of the Day: The $14 Trillion Bailout

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This comes from Nomi Prins, and it’s part of the package of bailout stories in the new issue of the magazine (available at newsstands now!).  Click to see the whole chart, which adds up programs from both the Treasury and the Fed.  The eventual cost to taxpayers of these programs will be less than $14 trillion, of course, but make no mistake: the value to the banking industry was the whole enchilada.  And despite the much ballyhooed repayment of a fraction of the TARP funds, they’re still using most of it.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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