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While discussing the enormity of the Financial Bailout, with a co-worker today, and struggling to find a way of comprehending all those BILLIONS, that Taxpayers are in one way or another, PAYING FOR -- we hit upon a novel idea for comprehending the depth of the damages.

The Idea of Stock Ownership!


Here's how it works, roughly speaking,

Take the Total amount "invested" in Bank of America during the Bailout,

Divide that by the Number of People "footing" the Bill,

And Presto you get your rough "back of the envelope" calculation, for YOUR Stake in the "Ownership" of that still Public Company!

BofA:  $52,500,000,000 / 306,377,462 people = 171 Shares  

Given that BofA Stock Price Closed UP today at $13.51
it leads me to Ask:

Where are MY 171 shares of BofA?...Where are YOURS?

Now this really should be more than an Academic Exercise ...
There is a LOT of Money at stake afterall!

Come on Giethner, Come on Paulson, Come on Bernanke,

Cut us in on this investment -- GIVE US OUR Shares!

Do you even KNOW what are Shares, SHOULD BE?


Let me help you guys figure it out. I have Google, I have Excel, and I have Math Skills.

So Treasury Guys, you can "crib" my work, if you dare ... to spill the beans ...


The Raw Data: as of May 7, 2009, From ProPublic - Bailout Recipients

AIG Insurance CompanyN.Y.$69,800,000,000
Bank of AmericaBank (Public)N.C.$52,500,000,000
Freddie MacFinancial ServicesVa.$44,600,000,000
JPMorgan ChaseBank (Public)N.Y.$25,000,000,000
Wells FargoBank (Public)Calif.$25,000,000,000
General Motors Auto CompanyMich.$16,300,000,000
Fannie MaeFinancial ServicesD.C.$15,200,000,000
ChryslerAuto CompanyMich.$12,500,000,000
Goldman SachsBank (Public)N.Y.$10,000,000,000
Morgan StanleyBank (Public)N.Y.$10,000,000,000


Now for the nifty spreadsheet magic, using the estimated to-the-minute US Population, from the Census Population Clock:

According to the U.S. Bureau of the Census, the resident population of the United States,
projected to 05/08/09 at 00:30 GMT (EST+5) is
306,377,462


Now take, the Top Bailout Recipients Amounts, divided that, by "WE the People" Paying for it:

which gives you, Each person's Theoretical Share of "Ownership" in each Company:

Now look up the Price of Each Company's Stock using Yahoo Finance ...

And if you had decided to SELL your "Theoretical Shares" at today's Closing Price, you would have made a hefty chunk of change!

Nearly $14 thousand for each US citizen -- talk about a Stimulus Package!

(Which would have been even more, if Chrysler hadn't just gone Chapter 11!  Better "Cash in your Chips" before any others "go the way of the Dinosaurs"!)


Wait a minute, you don't have any Chips, I don't have any Chips!

We all get to Pay, BUT we don't get to Play!

I wonder if that is the True Meaning of Capitalism, in this "Too Big to Fail" Era -- that

ONLY the Shrew Capitalists, get their Share of the Profits?


I'm glad Hank Paulson, saw fit to look out for his College Frat Buddies!

Just one Problem I want my $14,000 cut -- I want you to get YOUR $14,000 cut-- I bet we'd all make better use of it, to help get this Economy moving again!  Don't you think?

Originally posted to Digging up those Facts ... for over 8 years. on Thu May 07, 2009 at 07:18 PM PDT.

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Comment Preferences

  •  Tips (19+ / 0-)

    Tips for making sure
    anyone working in the Treasury or the Fed,

    knows how to use Excel!

    In a time of universal deceit, telling the truth becomes a revolutionary act -- George Orwell

    by jamess on Thu May 07, 2009 at 07:19:48 PM PDT

  •  This is pretty impressive (4+ / 0-)

    the only beef I have is that the money to GM and Chrysler were technically loans besides the fact we probably don't want any part of shares of stock of those companies.

    They tortured people to get false confessions to fraudulently justify our invading Iraq.

    by IL JimP on Thu May 07, 2009 at 07:22:49 PM PDT

    •  Yeah I debated (2+ / 0-)
      Recommended by:
      bnasley, polar bear

      whether to add the Auto companies, or not --

      decided to use just the top dozen or so

      listed by ProPublica.


      There are several ways to quibble with this analysis, but as general "ball park" number --

      it's pretty useful.

      Those Banks, et al, were quite reckless!

      In a time of universal deceit, telling the truth becomes a revolutionary act -- George Orwell

      by jamess on Thu May 07, 2009 at 07:30:00 PM PDT

      [ Parent ]

  •  Government ownership in banks (TARP) is in (1+ / 0-)
    Recommended by:
    jamess

    perpetual preferred shares (paying 5%).

    "Nothing is more powerful than an idea whose time has come." Victor Hugo

    by lordcopper on Thu May 07, 2009 at 07:30:30 PM PDT

  •  Plus the other programs. nt (1+ / 0-)
    Recommended by:
    jamess
  •  Numbers? That's all U got? (2+ / 0-)
    Recommended by:
    mataliandy, jamess

    Where the hell is the idea-o-logy? How does god, abstinence, gays, and terrorism intertwine with this logic? What about about social welfare? Sub-prime lendees (the brown people) taking down WallStreet? Where is the outrage, the justice?

    Excuse me, I thought I was audtioning for the Limbaugh show...I'm sorry...you guys are going to ruin America for the rest of us 22%'rs.

    If a guy named Joe sees the light, get ready for the rush.

  •  2 years ago I made a bad (really bad) career (5+ / 0-)

    decision and wound up maxing out my credit cards to over 40K.  Even as I was financially collapsing I knew deep down I'd never, ever be able to pay it back.  And, despite the mail & phone calls I haven't nor do I see myself being in a position to anytime soon.  Since that's very much NOT how I was raised and I generally try very, very hard to keep my commitments/promises, not paying that debt has been a bit of a moral thorn in my side.

    At least it was a bothersome thorn until October or so of '08.  Now, as far as I'm concerned, I got my muthaf***in' bailout money back.  Seriously, since the 'financial crisis' and associated bailouts started making headlines I haven't had one wake-up-in-the-middle-of-the-night moment of angst about my debt.  (a whole slew of others, but at least there's one less topic)

    •  I still think people should pay their debts (4+ / 0-)

      I always try to.

      My beef is with those Corporations,

      who demand all the "right of personhood"

      while constantly avoiding the "responsibilities of being a good Citizen"

      Like with Tax Dodges and Offshore accounts:

      http://www.dailykos.com/...


      Sorry to hear about your rough patch, bnasley.
      Hope you can bounce back from it.

      In a time of universal deceit, telling the truth becomes a revolutionary act -- George Orwell

      by jamess on Thu May 07, 2009 at 07:46:33 PM PDT

      [ Parent ]

      •  thanks for the good thoughts :) (1+ / 0-)
        Recommended by:
        jamess

        if I had borrowed 10 or 100x that amount from friends & family I would work my tuckus off at three jobs if that's what it took.  I've only borrowed twice from family and had it repaid in a week both times (and enjoyed my Ramen noodles debt free).

        Sometime in '04 I peaked out at around 15K on the cards (for all the good it did in THAT election) and worked hard to pay it off in 14 months.  I agree about paying off debts but where the financial industry is concerned I say, "OK, I'm playin' by your rules."

  •  Some of these (2+ / 0-)
    Recommended by:
    jamess, Dante Zappala

    institutions want to pay back their TARP money now.
    Most of these banks want to get rid of the govt. interference and give back the TARP money asap.

  •  If you had actually bought 171 shares... (1+ / 0-)
    Recommended by:
    jamess

    around their low of 2.53 a share, you could cash it tomorrow morning for what looks like 15 bucks a share and netted about a $2,000 profit.

  •  Great diary! Too late to tip/rec. (1+ / 0-)
    Recommended by:
    jamess

    However, you might be on to something - the government could repay taxpayers by handing us bank shares. If we weren't allowed to cash them in right away, the government would have paid us back, the banks would have all the money, and we (theoretically) would have the money, too. We could have our cake and eat it, too!

    So when could we sell those stocks? If Congress said we could do it when we have single-payer health care, that would be - sadly, never. But we'd still hold the paper.

    Gotta love the stock market. The companies that I have stock in have my money, and I have some paper saying I could theoretically have it back. How nice.

    "There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." --- Ed Howdershelt (Author)

    by SciMathGuy on Sat May 09, 2009 at 03:46:10 AM PDT

    •  that's the general idea of this post (2+ / 0-)
      Recommended by:
      Dvalkure, SciMathGuy

      the whole idea of Capitalism,
      is leveraging wealth to create more wealth,
      usually through Loans, Bonds, Stocks, or Inheritance.

      Well those Banks were technically insolvent,
      Way more Debt, and Obligations, and "bad paper",
      than Actual Assets, on their Books.
      They were technically broke.

      We the Taxpayer, underwrote their Debt
      through the TARP Bailouts, to make them solvent and "Valuable" again.

      And what did we get for it?
      the Future Obligation to Pay, the Future Risk of that "bad paper" (those CDSs) --
      But NO Claim to Ownership.
      We should be Partial Owners now, as what happens when you buy Stocks -- that's the Capitalistic way!

      It's almost makes more "market sense" to Nationalize the Banks! At least then the Ownership claims would be clearer.

      The Govt is supposedly "Partial Owners" now (at a discount) -- but what does that mean?  Did the Govt get Shares?
      Will the Govt ever get Paid Back -- with Interest?

      Just because the whole mess is complicated,
      Doesn't mean the Treasury and the Fed, should make stupid investments, with our money --
      from mostly behind "closed doors", no less.

      That is how "pyramid schemes" are born in the first place --

      Where is their "public spreadsheet" which "Balances the Bailout Books"?

      Sounds like a "capital idea" to me!


      thanks for the comments MathSciGuy

      In a time of universal deceit, telling the truth becomes a revolutionary act -- George Orwell

      by jamess on Sat May 09, 2009 at 07:50:53 AM PDT

      [ Parent ]

      •  And thanks for the diary! n/t (1+ / 0-)
        Recommended by:
        jamess

        "There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." --- Ed Howdershelt (Author)

        by SciMathGuy on Sat May 09, 2009 at 09:14:19 AM PDT

        [ Parent ]

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