Note: Treasury Secretary Henry Paulson refused to buy troubled assets after bailout passed
The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure. Analysts have previously marked out the $5 trillion figure as the actual cost, now those predictions are becoming demonstratively accurate.
Based on this Reuters summary and the sources linked within the table, here is a breakdown of the bailout's cost to taxpayers so far.
Cost To Taxpayers
Pelosi's latest economic-stimulus package
Paulson's Bank Nationalization package
Bailout to the American car companies
Financial "bailout" bill
Bear Stearns financing
Fannie Mae and Freddie Mac nationalization
Mortgage community grants
JPMorgan Chase repayments
Loans to banks via Fed's Term Auction Facility
Number of households PER U.S. CENSUS
Possible cost per household
Furthermore, when you account for the fact that the credit default swap market is around $62 trillion, and that derivatives worldwide are worth between between $1 and $2 quadrillion, the numbers start to become meaningless.