There are some stunning numbers coming out of the FDIC this morning. Writes Bob English for EPJ:
The FDIC just released "Issuer Reported Debt Details" for the Debt Guarantee Program (DGP) of its Temporary Liquidity Guarantee Program (TLGP)--meaning a detailed list of which banks borrowed on the backs of the taxpayer during the financial panic and how juicy the terms were. A total of $618 billion was guaranteed by the FDIC over an approximate one year period.
Bank America managed to borrow $64 billion at zero percent interest.
Here are the totals, by institution (keep in mind, holding companies and the actual regulated bank might be listed as separate entities):