The bail out of the Big Banks continues - now at an accelerated rate of $1tn a year from 2013

Corporate Welfare is well over $1tn a year. This handout is stolen directly from ordinary taxpayers.  
See :- http://ian56.blogspot.co.uk/2012/11/it-is-very-easy-to-cut-1tn-from-federal.html for a detailed list of items that could easily be saved from Corporate Welfare totalling more than $1tn a year.

In addition to this the big banks are being bailed out to the tune of about $1tn a year by the Federal Reserve.
This too is ultimately paid for by ordinary tax payers.
There is an immediate cost in the lowered profits of the Federal Reserve from the interest paid on the $3tn of debt that is now on their balance sheets (it will be $4tn at the end of 2013).
This profit would otherwise be returned to the taxpayer via the Treasury.

There is a more insidious and higher cost to taxpayers in the shape of higher price inflation, lower disposable incomes, lower standards of living and higher levels of unemployment which is directly attributable to the Fed's policy of printing money and increasing it's balance sheet by $1tn a year.

The continuing bank bail outs are in two forms - QE3 and QE4.

QE3 buys up impaired mortgage loans from the big banks at far more than they are worth at the rate of $40bn a month - $480bn a year - this money is going straight to the big banks bottom lines.

QE4 (or the continuation of Operation Twist) is the Federal Reserve buying US Treasuries (US government debt) at the rate of $45bn a month or $540bn a year. 
The big banks are selling US Treasuries to the Federal Reserve.
The big banks are also using over valued US Treasuries as deposits with the Federal Reserve to conform to equity requirements. 

The big banks are making quite a lot of money in commissions from the Fed buying program. 
But this is not the major benefit.
The major benefit is that the big banks have trillions of dollars of free money to speculate with.

This speculation by the big banks is driving up the stock market, but it is also driving up commodity prices principally oil and food.
See http://ian56.blogspot.co.uk/2013/01/the-2tn-of-excess-bank-reserves-is.html for a full explanation.

There is no such thing as a free economic lunch. The money given to the big banks by the Fed will be paid for by ordinary people. It has been paid for by ordinary people, for the last 10 years, by high rates of inflation in things like food & gas. 

In reality ordinary people are paying for the Federal Reserve's give aways to the big banks (the owners of the Federal Reserve private bank) in the shape of lower disposable incomes, lower standards of living, lower GDP growth and higher unemployment.

In reality Corporate Welfare, if we include the continuing bank bail outs by the Federal Reserve, is now more than $2tn a year.

$2tn a year is effectively being stolen from ordinary people by the big banks and other large Corporations via the government. 

Appendix

See also Secrets and Lies of the bank bailouts by Matt Taibbi. 
http://ian56.blogspot.co.uk/2013/01/the-secrets-lies-of-bank-bailout-matt.html

There is a lot of disinformation being published in the mainstream media about the bailouts. 
E.G. that the bail out money has been paid back, when it has not.