Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Exactly How Big Is AIG's Bailout?

A popular figure used to tally the federal bailout of troubled insurance giant AIG is $180 billion. Big number. Tidy number. Sure-to-get-Congress's-ire-up number.

But it may be a little too big of a number, the independent nonprofit journalism outfit ProPublica reports today.

According to an analysis, ProPublica has determined that so far taxpayers are on the hook for "only" about $134 billion. The $180 billion figure includes all the federal money that could be extended to AIG through lines of credit at Treasury and the Fed.

Feel better?

We've used the $180 billion figure but have amended it recently to say $180 billion "given or promised" to AIG. ProPublica clarifies it nicely.

Click here to see breakdown of the AIG bill so far.

Also, click here to see a useful bailout tracker that ProPublica put together some months ago and updates and that has been of particular help to The Ticker.

-- Frank Ahrens
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  July 7, 2009; 3:36 PM ET
Categories:  The Ticker  | Tags: AIG, ProPublica  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Clinched-Up Wall Street Awaits Second-Quarter Earnings
Next: Markets Open Largely Flat

Comments

I feel nothing. Amended to say "given or promised bonuses". Sometimes it takes everything you have just to keep up with the losers. The kids are all leaving the library with free video DVDs. It costs more today to entertain the kids than it cost to educate the parents.

Posted by: Dermitt | July 8, 2009 11:23 AM | Report abuse

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company