Financial Institutions, the Auto Industry, and the Bailout: Follow the Money

     Here's a list of financial institutions who have received funds from the first phase of the $700 billion bailout.  From what I've been reading, the auto industry will be next.  General Motors seems to be doing the worst of the Big Three, yet Ford and Chrysler have also been mentioned as recipients for a government handout.  If a bailout of the auto industry does occur, isn't their a chance it could expand to parts suppliers and other related companies?  After all, Ford, GM, and Chrysler make cars, but they rely on other businesses to supply parts and services.  Since the Big Three are hitting it tough, one would assume the other companies are also struggling.  Will this lead to an expansion of any auto industry bailout?  Only time will tell.


AIG $40 billion
JPMorgan $25 billion
Citigroup $25 billion
Wells Fargo $25 billion
Bank of America $15 billion
Merrill Lynch $10 billion
Goldman Sachs $10 billion
Morgan Stanley $10 billion
PNC Financial Services $7.7 billion
Bank of New York Mellon $3 billion
State Street Corp $2 billion
Capital One Financial $3.55 billion
Fifth Third Bancorp $3.45 billion
Regions Financial $3.5 billion
SunTrust Banks $3.5 billion
BB&T Corp $3.1 billion
KeyCorp $2.5 billion
Comerica $2.25 billion
Marshall & Ilsley Corp $1.7 billion
Northern Trust Corp $1.5 billion
Huntington Bancshares $1.4 billion
Zions Bancorp $1.4 billion
First Horizon National $866 million
City National Corp $395 million
Valley National Bancorp $330 million
UCBH Holdings Inc $298 million
Umpqua Holdings Corp $214 million
Washington Federal $200 million
First Niagara Financial $186 million
HF Financial Corp $25 million
Bank of Commerce $17 million

TOTAL: $203.08 billion

 

http://moneynews.newsmax.com/streettalk/bailout_half_gone/2008/11/12/150364.html

 

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