The Real Cost of the Bailouts Reaches $7.8 Tillion

While the media keeps a dumbed down populace focused on a measely $700 billion Troubled Asset Relief Program (TARP), rushed through Congress and signed into law by the president in record time, your government has been feverishly handing out money to international banksters.

• The U.S. government has loaned, invested or committed $200 billion to nationalize the world's two largest mortgage companies, Fannie Mae and Freddie Mac
• $25 billion for the Big Three auto manufacturers
• $29 billion for Bear Stearns
• $150 billion for AIG and $350 billion for Citigroup
• $300 billion for the Federal Housing Administration Rescue Bill to refinance bad mortgages
• $87 billion to pay back JPMorgan Chase for bad Lehman Brothers trades
• $200 billion in loans to banks under the Fed's Reserve Term Auction Facility (TAF)
• $50 billion to support short-term corporate IOUs held by money market mutual funds
• $500 billion to rescue various credit markets
• $620 billion for industrial nations, including the Bank of Canada, Bank of England, Bank of Japan, National Bank of Denmark, European Central Bank, Bank of Norway, Reserve Bank of Australia, Bank of Sweden and the Swiss National Bank
• $120 billion in aid for emerging markets, including the central banks of Brazil, Mexico, South Korea and Singapore
• Trillions to guarantee the FDIC's new, expanded bank deposit insurance coverage from $100,000 to $250,000
• Plus trillions more for other sweeping guarantees

Grand total: $7.8 trillion and counting

And that excludes a new bailout for Detroit in the works, a new $500 billion stimulus package expected early next year, plus hundreds of billions for at least 19 states running out of money for unemployment benefits.