The 10 Biggest US Bailout Losses
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Bailout? More like throwing money into sinking ships
Repayments from institutions which received federal funds during the bailouts of 2008 and 2009 have lessened the total of the programs cost to taxpayers. In total the federal government injected cash into more than 700 institutions. While proponents of central planning point to the repayments as success, it’s prudent to remember the heavy losses taxpayers will never be repaid. Of the long list of bailout losses, here are the 10 largest.
10. Midwest Banc Holdings
State: Illinois
Amount Disbursed: $89,388,000
Loss to Taxpayers: -$88,563,712
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