Adding together the $170 billion that the Treasury Department has currently agreed to provide banks in additional capital, the $150 billion that the Treasury Department and the Federal Reserve are providing to AIG and the $2 trillion that the Federal Reserve has provided banks in emergency loans brings the total assistance to $2.32 trillion. If the estimated savings from the new tax breaks are included, the assistance would climb to $2.46 trillion.That total does not include other measures not focused directly on banks, such as Treasury Department's $200 billion in support for Fannie Mae and Freddie Mac, and the Federal Housing Administration's $300 billion HOPE for Homeowners program."Add in another $50 billion for automakers, and that's how you get to $3 trillion.
Thursday, November 13, 2008
Our $3 Trillion Bailout
http://www.clusterstock.com/2008/11/our-3-trillion-bailout
Subscribe to:
Post Comments (Atom)
Posts
5 comments:
That's $10,000 per American. Only the federal government could and would be malicious enough to do something so costly to the American peasant.
Mike
indeed they have $10,000 to hurt US citizens but they can't find the funds close the border.
If our nation is worth 18 trillion and we now stand at 10 trillion + another 3 trillion. Well you do the math, are we bankrupt?
Indeed we are in the.
The Decline and Fall of American Empire
We are not bankrupt. The government is having problems. Imagine how much better our lives would be with small government.
Mike
Post a Comment