The Cold, Hard Slap Of Reality: CNN's Bailout Tracker

Though I used to work there, I rarely read CNN's financial reporting.  The implied message is the correct message.  They have the same problems as CNBC.  In fact, they attempt to be CNBC, right down to the pneumatic reporters.

However, they have built a decent bailout tracker, which you can find HERE.  It has more company-specific details than the report issued by the FDIC last week, yet it is slightly outdated compared to the same FDIC report.  CNN's totals are $10.5 trillion in committed funds, where the most recent number is $13.9 trillion. 

Comments

[DailyBail]

FDIC Bailout Totals

http://dailybail.com/home/bailout-by-the-numbers-total-fed-committments-now-total-139.html

[DailyBail]

Huge fees to be paid by taxpayers in the Allen Stanford case

http://www.reuters.com/article/marketsNews/idUSN2225398120090622