Number Crunch: Special Bailout Edition

Printer-friendly versionSend by email

Crunch some numbers on the bailout

December 01, 2008

Think about it 


According to the bailout bill, two oversight committees will be set up. The first one is a Financial Stability Board, which will include the Federal Reserve chairman; the Securities and Exchange Commission chairman; the Federal Home Finance Agency director; the Housing and Urban Development secretary; and the Treasury secretary. That oversight committee will report to the second oversight committee, which will be a congressional oversight panel. The second committee will have five members appointed by House and Senate leadership from both parties.


According to a poll by, 76 percent of readers think the bailout plan will ultimately fail. But 24 percent are optimistic and think it will help the economy. What do you think?

$237.2 billion

According to MarketWatch, the U.S. federal government deficit soared to $237.2 billion in October after the government invested more than $136 billion in various bailout programs.


The Mortgage Bankers Association reports that in Mid-November, mortgage applications rose to 11.9%. Slow and steady does it ...

$750 billion

$750 billion is not how much we'll necessarily spend (we hope). If the government needs more than $750 billion, then they will have to pass new legislation. Estimated figures for fixing the financial mess is between $500 billion and $1 trillion. Should we be optimistic and say it will only cost $500 billion to fix?


It took two tries to pass the bailout bill, with a vote of 263–171 in the House. President Bush signed it immediately into law after it passed.

$85 billion

This is the estimated cost for the government to bail out American International Group (AIG). In addition to that, there's also the $29 billion the government pledged for the joining of Bear Stearns and JPMorgan Chase. And if that wasn't all, it could cost $25 billion to bail out Fannie Mae and Freddie Mac. And that's in addition to the $750 billion bailout plan the government passed. 


In the revised bailout bill that passed, Congress added a provision: temporarily raising the FDIC insurance cap to $250,000 from $100,000, which has been in place since 1980.

Comments on: "Number Crunch: Special Bailout Edition"

April 2014

This Month in Professional Builder

Getting Beyond the Impasse

Outstanding Outdoor Spaces

Taming the Chaos

Designs for First-time Buyers


The 2015 Chevrolet Silverado 2500HD delivers the capability heavy-duty truck customers demand, along with greater refinement and control for more comfort and confidence.


Matt Ivey shares how Ivey Homes found a successful medium between in-house sales and outsourcing.