Got Money? / You Know It / Take it out your pocket and show it then throw it / This a way / That a way/ This a way / That a way…
$700 billion: TARP (also known as “stocking stuffer” on Wall Street)
$787 billion: Obama’s new stimulus package
$18-$50+ billion (and rising): Auto industry
$75 billion: Mortgage bailout for 4 million homeowners… ($18,750 per homeowner)
$80 billion+ (and more than $150 billion more in guaranteeing its loans): Citigroup
$150 billion+ (and rising): AIG
$400 billion: Fannie and Freddie
Total of just these bailouts: $2.2 trillion
In Comparison:
$14.3 trillion: GDP of United States ($4.8 trillion: GDP of #2 Japan, $4.2 trillion: GDP of #3 China)
$65 billion: Market cap of Enron in its heyday
$58 billion: Net worth of Bill Gates
$1.5 billion: Net worth of Oprah
$750 million: The record amount that Obama raised during his run to the White House
Madoff’s $50 Billion Disappearing Act
115: Countries with less than $50 billion in GDP (including the Dominican Republic, Kenya, and North Korea)
235: Times you’d have to win the Mega Millions $212 million jackpot
820: Number of Empire State Buildings you could buy, according to a recent appraisal ($61 million)
1,786: Years you could (over)pay A-Rod ($28 million/year)
146,630: Number of new Bentleys you could buy
Hitting the Fan
$300 billion: Market cap of GE in 2008
$71 billion: Market cap of GE today (around $7 a share)
