Here is the bill as of today:
$700 billion - Additional borrowing to set of a new bank resolution agency that will buy distressed mortgage debt.
$200 billion - Estimated cost of sorting out Freddie Mac and Fannie Mae.
$85 billion - Emergency credit line to AIG
$29 billion - Credit guarantees to JP Morgan as part of the Bear Stearns collapse
$10 billion - Approximate cost of deposit insurance payments by the FDIC.
Somebody please check my math, but I reckon we are already at $1,024 billion. It reminds me of that old line "a billion here; a billion there; it soon adds up to real money".