The Bankers' Bailout

The following information was gleaned from an internet article doing the rounds. If accurate it certainly gives some food for thought as to the way ordinary members of the public are taken for a ride by the greedy money men in the banking world. The greedy bankers pay themselves inordinate amounts of money in bonuses as they manufacture circumstances to suit themselves, however, when it goes pear-shaped it is the ordinary tax-payer that foots the bill.

The current estimate is that Greece needs a bailout of around $370 Billion. No one wants to know. Meanwhile have a look at these bailouts and the banks that have benefitted, having had no problem, courtesy of those in charge, getting the money from the ordinary tax-paying public.

Citigroup $2.513 trillion
Morgan Stanley $2.041 trillion
Merrill Lynch $1.949 trillion
Bank of America $1.344 trillion
Barclays PLC $868 billion
Bear Sterns $853 billion
Goldman Sachs $814 billion
Royal Bank of Scotland $541 billion
JP Morgan Chase $391 billion
Deutsche Bank $354 billion
UBS $287 billion
JP Morgan Chase $391 billion
Credit Suisse $262 billion
Lehman Brothers $183 billion
Bank of Scotland $181 billion
BNP Paribas $175 billion
Wells Fargo $159 billion
Dexia $159 billion
Wachovia $142 billion
Dresdner Bank $135 billion