When industry monoliths faced collapse because of last year's financial crisis, the U.S. government was there to catch them. The Treasury Department pumped $200 billion of taxpayers' money into the institutions considered "too big to fail" through its Capital Purchase Program. Among the private-sector companies that reaped the benefits are Wells Fargo and JPMorgan Chase, each of which got $25 billion; Citigroup, which has received three government bailouts that total $45 billion; Bank of America, which has received two bailouts of around $45 billion; and Morgan Stanley and Goldman Sachs, which both received $10 billion.
Today's Question: Are some banks really too big to fail?
Thursday, October 29, 2009 | 12:01 a.m. CDT;
updated 8:32 p.m. CDT, Thursday, October 29, 2009
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