Check out the below informative New York Times link Tracking the $700 Billion worth of funds being ALLOCATED by the U.S. Treasury Department via its controversial Troubled Asset Relief Program (TARP) : nytimes.com/creditcrisis/recipients/table
* Top 10 Banking TARP Customers :
1. Citigroup (C) - $45 Billion (marketcap = $45 Billion)
2. AIG (AIG) - $40 Billion (mcap = $5B)
3. JPMorgan Chase (JPM) - $25 Billion (mcap = $118B)
4. Wells Fargo (WFC) - $25 Billion (mcap = $96B)
5. Bank Of America (BAC) - $15 Billion (mcap = $82B)
6. Goldman Sachs (GS) - $10 Billion (mcap = $31B)
7. Merrill Lynch (MER) - $10 Billion (mcap = $21B)
8. Morgan Stanley (MS) - $10 Billion (mcap = $16B)
9. PNC (PNC) - $7.7 Billion (mcap = $18B)
10. U.S. Bancorp (USB) - $6.6 Billion (mcap = $47B)
* Top 10 customers account for almost 30% (28% or $195 Billion) of total TARP funds...Citigroup and AIG alone account for over 12% of total TARP spending
* About $410 Billion in total TARP funds remain UNALLOCATED (approx 60%)
Data Courtesy: NY Times
Full Disclosure: I own shares of GS.
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