Showing posts with label you can PAY OFF half of the mortgages in the US. Show all posts
Showing posts with label you can PAY OFF half of the mortgages in the US. Show all posts

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