So you thought it was a lot when TARP cost us $700 billion, right? Bloomberg News has pried information out the Fed via Freedom of Information Act requests, revealing that Fed Chairman Ben Bernanke actually pumped as much as $7.77 trillion into the banking system. When these guys say they're going to prevent another Lehman on their watch "at any cost," they're not kidding: that's more than half the gross national product.
J.P. Morgan tapped the Fed's Term Auction Facility for more than half the bank's cash holdings. "The six biggest U.S. banks, which received $160 billion of TARP funds, borrowed as much as $460 billion from the Fed.