I’ve been thinking about perspective a lot in the last couple of days and have decided to provide here a little perspective on The Great American Theft AKA the bailout of the banks.

According to documents posted by the Department of Treasury, under the “Capital Purchase Program”, We The People, under the guise of the Department of the Treasury, purchased preferred stock in these companies with this much borrowed money:

Bank of America:  $10,000,000,000

Goldman Sachs:  $10,000,000,000

Morgan Stanley:  $10,000,000,000

Citigroup:  $25,000,000,000

JP Morgan Chase:  $25,000,000,000

Wells Fargo:  $25,000,000,000

Bank of New York Mellon:  $3,000,000,000

State Street:  $2,000,000,000

Merrill Lynch:  $10,000,000,000

and the total purchase price under the “Capital Purchase Program is:  $110,000,000,000.

Under the “Targeted Investment Program, We The People, under the guise of the Department of Treasury, purchased securities from Citigroup for $20,000,000,000 with borrowed money.

In order to save, “Systemically Significant Failing Institutions”, We The People, under the guise of the Department of Treasury, purchased AIG securities with $40,000,000,000 of borrowed money.

The Grand Total of what I can decipher out of the documents posted by the United States Treasury thus far is:  $170,000,000,000.

I haven’t gone through in detail, so I don’t know if I’m missing anything.  I don’t believe that all of the agreements have been posted yet either.  For the time being, let’s put this $170,000,000,000 in perspective.

According to the most recent U.S. Census data, the median household income for 2007 was $50,740.
$170,000,000,000 is enough money to pay the entire median household income for one year to 3,350,413 households.

According to the U.S. Census, the median home value in 2007 was:  $191,471 $170,000,000,000 would buy 888,762 homes at this median price.

According to the National Coalition on Health Care the average cost of health care per person in 2007 was $7,900 $170,000,000,000 would pay the entire health care bill under the present system for 21,518,987 people.

I won’t even get into the interest on this borrowed money or any details at this point.  I just wanted to give some perspective.

If any of this angers you, speak out, educate, and be vigilant.

Call Congress at 202-225-3121.