> The number is found in Table 8, page 131 of the report. It shows loans from the various Fed emergency facilities to the major US and foreign banks totalling $16,115,000,000,000 between December, 2007 and July 2010. However, as I suggested yesterday, this is an AGGREGATE total in which the same million dollar overnight loan rolled over for a week would count as separate loans totalling seven million dollars. As the GAO note accompanying the table explains: "The total dollar amounts borrowed represent the sum of all loans and have not been adjusted to reflect differences in terms to maturity for the loans."
>
Nomi Prins has the latest numbers here:
http://www.nomiprins.com/storage/bailouttallyoct2011CLEAN%20NO%20FORMULAS.pdf
$9.2 trillion total bailout, but much of that was guarantees, not expenditure. Another $6.8 trillion in Fanni/Freddie loans (total loan exposure, not total losses). So $16 trillion in theoretical wealth, same as above, but probably only $3-4 trillion in actual expenditure. (This excludes the EU bailouts, of course).
-- DRR