The Bailout Gets Bigger…
After today’s announcement that Citigroup is being bailed out by the U.S. government, I thought I’d try to get a list of all the companies receiving money from this massive socialist program. Here’s what I have so far in order from greatest to least money received.
|
Company |
$$ Received |
| American International Group Inc | $40 Billion |
| Citigroup | $20 Billion |
| Bank of America Corp | $15 Billion |
| Merrill Lynch & Co | $10 Billion |
| Morgan Stanley | $10 Billion |
| Goldman Sachs | $10 Billion |
| Synovus | $973 Million |
| Popular Inc | $950 Million |
| E*Trade Financial Corp | $800 Million |
| M & T Bancorp | $600 Million |
| Associated Banc-Corp | $530 Million |
| Webster Financial Corp | $400 Million |
| South Financial Group | $347 Million |
| East West Bancorp | $316 Million |
| Sterling Financial Corp | $303 Million |
| Citizens Republic Bancorp | $300 Million |
| Susquehanna Bancshares Inc | $300 Million |
| Cathay General Bancorp | $258 Million |
| FirstMerit Corp | $248 Million |
| Trustmark Corp | $215 Million |
| First Midwest Bancorp Inc | $193 Million |
| Pacific Capital Bancorp | $188 Million |
| Boston Private Financial Holdings | $150 Million |
| Western Alliance Bancorporation | $140 Million |
| CVB Financial Holdings | $130 Million |
| Signature Bank | $120 Million |
| Iberiabank Corp | $115 Million |
| Taylor Capital Group | $105 Million |
| Sandy Spring Bancorp | $83 Million |
| Columbia Banking System Inc | $76.9 Million |
| Independent Bank Corp | $72 Million |
| Superior Bancorp | $69 Million |
| Nara Bancorp | $67 Million |
| Wilshire Bancorp | $62 Million |
| Great Southern Bancorp | $60 Million |
| Center Financial Corp | $55 Million |
| Ameris Bancorp | $52 Million |
| Home Bancshares Inc | $50 Million |
| Fidelity Southern Corp | $48.2 Million |
| Capital Bancorp | $42.9 Million |
| Southern Community Financial Corp | $42.75 Million |
| Heritage Commerce Corp | $40 Million |
| Porter Bancorp Inc | $39 Million |
| Peoples Bancorp | $39 Million |
| First Defiance Financial Corp | $37 Million |
| Encore Bancshares Inc | $34 Million |
| Severn Bancorp | $30 Million |
| Bancorp Rhode Island | $30 Million |
| Tennessee Commerce Bank Corp | $30 Million |
| Intermountain Community Bancorp | $27 Million |
| LNB Bancorp | $25.2 Million |
| VIST Financial Corp | $25 Million |
| Wainwright Bank & Trust Corp | $22 Million |
| Indiana Community Bancorp | $21.5 Million |
| Unity Bancorp | $20.6 Million |
| First PacTrust Bancorp Inc | $19.3 Million |
| HopFed Bancorp Inc | $18.4 Million |
| Bank of Commerce Holdings Inc | $17 Million |
| First 1st Financial Services Corp | $16.3 Million |
| Pamrapo Bancorp Inc | $11.4 Million |
| Broadway Financial Group | $9 Million |
| American River Bankshares | $8 Million |
| Central Federal Corp | $7.23 Million |
| Capital Pacific Bancorp | $4 Million |
I’ll update this list as it grows.
It’s absolutely outrageous! And, this is in addition to the billions it will take to bailout Freddie Mac and Fannie Mae. It makes it really difficult to argue against government handouts and entitlement programs when we’re stepping in to finance irresponsible business practices by overpaid CEOs. We may not have to worry about Obama screwing anything up. Our entire capitalistic economy may be nothing but a memory by January 20.
Here’s a CNN report on Bush’s defense of the bailout.
Everyone should be outraged. If you’re as angry as I am, send this link to the White House, your representatives and your senators by following the links below.
Before we become the USSA, the United Socialist States of America, let’s clog their phone lines and email systems and fill their mailboxes to let them know just how outraged we are!
Source: Bailoutsleuth.com
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