Numbers to Digest....

U.S. and Foreign Banks have reported a slew of write downs since the Mortgage crisis emerged as rising unemployment and a weak housing market have walloped consumers. Since the credit crunch began in mid-2007, U.S. and Foreign Banks have reported more than $700 billion of write downs.

Please see below the damage.

Write Downs

Citigroup $88.3
Wachovia Corp $72.7
Merrill Lynch & Co $63.7
UBS $48.7 AIG $42.1
Washington Mutual $41.3
National City $25.8
HSBC Holdings $23.6
Bank of America $21.5
Morgan Stanley $19.4
Freddie Mac $19.4
Lehman Brothers $18.2
Royal Bank of Scotland $17.1
IKB $14.7
Fannie Mae $14.5
Barclays $14.4
Lloyd's TSB $12.7
AMBAC $12.0
Credit Suisse $12.0
JPMorgan Chase & Co $11.5
Deutsche Bank $11.1
MBIA $9.9
ING $9.8
Wells Fargo & Co $8.7
Bayerische Landesbank $8.6
Munich Re $8.5
DZ Bank $6.8
Canadian Imperial Bank of Commerce $6.5
Societe Generale $6.4 Dresdner Bank $5.0
Goldman Sachs Group $4.9
Bear Stearns $3.4
Fortis $3.1
WestLB $3.0
BNP Paribas $2.7
Unicredit $2.7
Swiss Re $2.6
Indymac Bancorp $2.2
Natixis $2.0
HSH Nordbank $1.7
LBBW $1.7
Commerzbank $1.2
AXA $1.1

TARP MONEY RECEIVED

Citigroup $50B
BOFA $45B
AIG $40B
Wells Fargo $25B
JP Morgan 25B
Goldman Sachs 10B
Morgan Stanley 10B
US Banccorp 6.5B
PNC Financial 7.5B
Capital One 3.5B
American Express 3.3B