International Rescue Committee (IRC)

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Bailout billions could have saved millions (of lives)

Photo: The IRC

When commercial lender CIT filed for bankruptcy earlier this month, American taxpayers lost $2.3 billion to a wasted bailout.
 
That's a lot of money.
 
To drive home the point, business writer Lawrence Delevingne asked the International Rescue Committee and some other humanitarian groups how $2.3 billion could have been spent to help out in the developing world.
 
We crunched some numbers:
 
- $2.3 billion could buy 378.3 million mosquito nets (@ $6.08 each) to help prevent millions of deaths from malaria worldwide
 
- $2.3 billion could send 44.2 million girls to school for a year (@ $52 per girl per year)
 
Read about more missed opportunities in Delevingne's story in The Business Insider, "10 Really Good Things We Could Have Done With The $2.3 Billion We Wasted On CIT."

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