Friday, November 28, 2008

With 8.5 trillion dollars, you can PAY OFF half of the mortgages in the US!!!

Commercial Paper Funding Facility
Federal Reserve
$1.8 trillion

Temporary Liquidity Guarantee Program
FDIC
$1.4 trillion

Term Auction Facility (TAF)
Federal Reserve
$900 billion

Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), and Ginnie Mae
U.S. Treasury / Federal Reserve
$800 billion

Treasury Asset Relief Program (TARP)
U.S. Treasury
$700 billion

Total USD International Currency Swap Lines
Federal Reserve
$688 billion

Money Market Investor Funding Facility
Federal Reserve
$540 billion

Other Loans: Primary Dealer Credit, etc.
Federal Reserve
$288.7 billion

Citigroup (NYSE: C) Guarantee
U.S. Treasury / FDIC
$306 billion

Hope for Homeowners Act of 2008
U.S. Treasury
$304 billion

Term Securities Lending Facility (TSLF)
Federal Reserve
$225 billion

Term Asset-Backed Securities

Loan Facility (TALF)
U.S. Treasury
$200 billion

Economic Stimulus Act of 2008
U.S. Treasury
$168 billion

Paid to JPMorgan Chase (NYSE: JPM)

to Settle Lehman Brothers Debt
Federal Reserve
$138 billion

AIG (NYSE: AIG) Bailout
Federal Reserve
$112.5 billion

Bear Stearns Brokered Sale
Federal Reserve
$26.9 billion

Total: $8,597,100,000,000

Source: fool.com

The US broke a new barrier a few days ago, 30 million people in the US now receive FOODSTAMPS. They get about $100 a month.
Total welfare for the people who need it: 3.6 billion a year
Total welfare for the bankerbuddies: 8600 billion

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