3) Top 5 Bailouts in 2008
Institution Amount
Wells Fargo & Co - $25,000,000,000
Bank of America - $15,000,000,000
JPMorgan Chase - $25,000,000,000
Citigroup Inc. - $25,000,000,000
Morgan Stanley - $10,000,000,000
Goldman Sachs - $10,000,000,000
Total - $110 Bil
1) A lot of negative talk around #bitcoin and #crypto these days in the wake of the #FTX drama.
Seems a lot of people forgot about the banks losing over $1 Trillion in 2008 due to toxic assets that they created!
Then they had to get bailed out by the government.