Tuesday, August 11, 2009

Whither the Bailout?

ProPublica has an interactive US map of the recipients of bank bailout funds:

On this map, "Each marker represents the headquarters of a financial institution that expects or has already received money from the Treasury Department under the TARP (Troubled Asset Relief Program). The size of each marker represents the amount of bailout money given to each institution." You can click on ProPublica's map to see the identities and amounts received for each institution.

They also have amounts received listed by state (and state-like, albeit less than fully represented despite being taxed, entities). The top ten are:

1. New York - $175 billion
2. Michigan - $80.7 (with most of that going to General Motors)
3. North Carolina - $56.3
4. Virginia - $54.9
5. District of Columbia - $44.9
6. California - $34.4
7. It drops off a bit here with Pennsylvania, at $11.3
8. Ohio - $8.1
9. Minnesota - $7.2
10. Georgia - $6.3

Bailed out institutions run the gamut from such big-city cauldrons of decadence and perfidy as AIG ($70 billion) to wholesome mom-and-pop operations like Festus, MO's Midwest Regional Bancorp (on the hook for a trifling 700 grand).

For more of ProPublica's comprehensive bailout coverage, go here.


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