American Banks: Too Big To Fail?  How Much Did American Banks
Actually Receive In Federal Bailouts  bank bailoutsIn 2008 when
everything fell apart financially, the stock markets slumped,
labor took a nose drive, and many people lost their retirement
savings; there is a vague recollection of hearing about the
financial institutions who received bailout money from the
Federal Reserve.  At the time, there was so many other issues at
hand, that very few took notice or even seemed concerned, that
the major financial institutions in this country were bankrupt. 
Recently, Bloomberg utilized their resources and pulled for
information from the Fed that indicated that the fed had given
16 trillion in bailouts to banks, and companies to keep them
afloat during rough economic times.  7.7 trillion of that money
went to 6 of the biggest financial institutions in the U.S.,
including:  JP Morgan Chase, Bank Of America, Citigroup, Wells
Fargo, Goldman Sachs and Morgan Stanley.  These institutions
alone comprised of 63% of th