Q: What’s no longer in your wallet? A: $158,561,409,000

Can someone please explain to me why a credit card company needs to be bailed out?

This from CNNMoney.com:

Bank bailout scorecard

The Treasury Department is in the midst of doling out $250 billion to financial institutions nationwide as part of the $700 billion bailout plan. Here’s a list of the banks that have received checks so far.

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By David Goldman

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Date of Capital Injection	Financial Institution	City	State	Amount
10/28/2008	Wells Fargo & Co.	San Francisco	Calif.	$25,000,000,000
10/28/2008	JPMorgan Chase & Co.	New York	N.Y.	$25,000,000,000
10/28/2008	Citigroup Inc.	New York	N.Y.	$25,000,000,000
10/28/2008	Bank of America Corp.	Charlotte	N.C.	$15,000,000,000
10/28/2008	Merrill Lynch & Co. Inc.	New York	N.Y.	$10,000,000,000
10/28/2008	Morgan Stanley	New York	N.Y.	$10,000,000,000
10/28/2008	Goldman Sachs Group Inc.	New York	N.Y.	$10,000,000,000
11/17/2008	U.S. Bancorp	Minneapolis	Minn.	$6,599,000,000
11/17/2008	Capital One Financial Corp.	McLean	Va.	$3,555,199,000
11/17/2008	Regions Financial Corp.	Birmingham	Ala.	$3,500,000,000
11/17/2008	SunTrust Banks Inc.	Atlanta	Ga.	$3,500,000,000
11/17/2008	BB&T Corp.	Winston-Salem	N.C.	$3,133,640,000
10/28/2008	Bank of New York Mellon Corp.	New York	N.Y.	$3,000,000,000
11/17/2008	KeyCorp	Cleveland	Ohio	$2,500,000,000
11/17/2008	Comerica Inc.	Dallas	Texas	$2,250,000,000
10/28/2008	State Street Corp.	Boston	Mass.	$2,000,000,000
11/17/2008	Marshall & Ilsley Corp.	Milwaukee	Wis.	$1,715,000,000
11/17/2008	Northern Trust Corp.	Chicago	Ill.	$1,576,000,000
11/17/2008	Zions Bancorporation	Salt Lake City	Utah	$1,400,000,000
11/17/2008	Huntington Bancshares	Columbus	Ohio	$1,398,071,000
11/17/2008	First Horizon National Corp.	Memphis	Tenn.	$866,540,000
11/17/2008	TCF Financial Corp.	Wayzata	Minn.	$361,172,000
11/17/2008	Valley National Bancorp	Wayne	N.J.	$300,000,000
11/17/2008	UCBH Holdings Inc.	San Francisco	Calif.	$298,737,000
11/17/2008	Umpqua Holdings Corp.	Portland	Ore.	$214,181,000
11/17/2008	Washington Federal Inc.	Seattle	Wash.	$200,000,000
11/17/2008	Provident Bancshares Corp.	Baltimore	Md.	$151,500,000
11/17/2008	Bank of Commerce Holdings	Redding	Calif.	$17,000,000
11/17/2008	1st FS Corp.	Hendersonville	N.C.	$16,369,000
11/17/2008	Broadway Financial Corp.	Los Angeles	Calif.	$9,000,000
			Total:	$158,561,409,000

Tags: Bank of America, Capital One Financial, Citigroup, Goldman Sachs Group, JPMorgan, Merrill Lynch, Morgan Stanley, Regions Financial Corp., SunTrust Banks, U.S. Bancorp, Wells Fargo