Pop Quiz: What Did Washington's Bailout Bonanza Buy for America?

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Bail Out
As the road to November's presidential election heats up, bailouts are becoming one of the hot debate topics. Little wonder: Between the 2008 decision to bail out Wall Street and the 2009 decision to bail out Detroit, the government's high-investment, high-stakes involvement in private enterprise has drawn scads of criticism from both sides of the political divide. But amidst all the political bloviating, some key facts have been obscured.

How much did the bailouts cost, and how many companies did they help? Have they been a total loss, or do they show some signs of profit? If you're interested in the answer to this and other bailout questions, take a peek at our bailout quiz!



Bruce Watson is a senior features writer for DailyFinance. You can reach him by e-mail at bruce.watson@teamaol.com, or follow him on Twitter at @bruce1971.

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nj666

The two party system is doing exactly what it wanted to do . They have American's divided against each other. We point our fingers and blame each others party for all that has happened. It is us that we have to blame. We have been led to the slaughter house by the system. It is time we all get together and have a third party candidate elected. Vote out everyone that is in Washington. This means your congressman too. Never vote for a Repub. or Dem. again

September 17 2012 at 4:43 AM Report abuse +1 rate up rate down Reply
nj666

Here is a companythat borrowed money to stay in bvusiness. They will never repay about twenty five billion back to the taxpayers. We borrowed this money from China. Now you get to see where it went.

http://www.youtube.com/watch_popup?v=Lvl5Gan69Wo

September 17 2012 at 4:35 AM Report abuse rate up rate down Reply
Don

What idiot or idiots ia allowing companies who borrow Tax Payer money, and are still in bussiness, to get out of repaying it. That being true then why cant home owners, who still live in their homes, but owe Freddie or Fanny a bundle, get their lowns wiped clean. Oh yes, I forgot. They are not the top one percent and dont donate enough to re-election committies. The little guy gets bent over again.

September 16 2012 at 6:10 PM Report abuse rate up rate down Reply
j_swizzle

We bought Government Motors, we took over the health care industry, we made the unions happy, we gave more food stamps out, ( 49 million and growing each day ). Bought more corn to put in gas tanks ( very dumb ). Put more people on welfare ( very sad ). Bought all the votes from the bankers and unions. 862 billion to buy votes is real bad for America's pocketbook.

September 16 2012 at 2:02 PM Report abuse +3 rate up rate down Reply
1 reply to j_swizzle's comment
Peter Sanders

All thanks to the greedy Republican bankers and investment institutions that put the U.S. economy into this mess in the first place. If we give the Republicans another chance to run a Presidental term, the result will be another bailout that the Democrats would have to resolve.

September 16 2012 at 3:48 PM Report abuse -1 rate up rate down Reply
1 reply to Peter Sanders's comment
bzh484

You forgot to include that the banks donated more to Dems in 09 tnan repubs.

September 16 2012 at 4:42 PM Report abuse +2 rate up rate down
geneg76

Misery

September 16 2012 at 11:25 AM Report abuse +2 rate up rate down Reply
smiles41

Four more years of economic chaos, gluttony, huge bailouts to friends and supporters, joe biden, sandra fluke, death panels, huge insurance premiums for EVERYONE, chaos in the middle east and a burned out economy.

September 16 2012 at 10:27 AM Report abuse +4 rate up rate down Reply
1 reply to smiles41's comment
james

Ya and really you made it sound sweet to what is really gonna happen... tottall collapse in the states... this huge debt there racking up cant be sustained...

September 16 2012 at 2:07 PM Report abuse +2 rate up rate down Reply
Peter Sanders

Hey t_trevor and stan, Grow a brain.

in 2003-2004, the subprime mortgage crisis began.] The market shifted away from regulated GSE's and radically toward Mortgage Backed Securities (MBS) issued by unregulated private-label securitization conduits, typically operated by investment banks.

September 16 2012 at 9:00 AM Report abuse rate up rate down Reply
k4jlp

YOUNG PEOPLE OF AMERICA...GET THE HELL OFF FACEBOOK AND VIDEO GAMES AND TAKE YOUR COUNTRY BACK BEFORE IT'S TO LATE.....

September 16 2012 at 6:39 AM Report abuse +5 rate up rate down Reply
1 reply to k4jlp's comment
j_swizzle

The OWS isn't going to do sh*t

September 16 2012 at 2:14 PM Report abuse rate up rate down Reply
Terry Black

http://www.youtube.com/watch?v=N0JDVddYWMg

Gerald Celente: QE3, It's All Exploding in Front of Us
www.youtube.com
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September 16 2012 at 1:54 AM Report abuse rate up rate down Reply
Peter Sanders

Republican CEO bankers and financial institutions created the economic meltdown and it was the same Republican CEOs that asked for a bailout from the Democrats to save their bungholes.

September 15 2012 at 8:09 PM Report abuse -3 rate up rate down Reply
2 replies to Peter Sanders's comment
stan

Your explantion is both simplistic and wrong.

September 16 2012 at 12:04 AM Report abuse +1 rate up rate down Reply
james

Those Ceo's werent Republicans thank you.... The one that stole the most is in Obama's cabinet and was in charge of the stimulas package... now you know why it didnt work!!!!!!

September 16 2012 at 2:10 PM Report abuse rate up rate down Reply