TOTAL cost of Fed Govt Bailout

Discussion in 'Current Events' started by DavidS, Nov 25, 2008.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    Remember Congress only approved $700 billion.

    Lord knows where the hell they're getting the rest of this money and why, if they could do this all along without Congress, they didn't do it before.

    Financial Crisis Tab Already In The Trillions - Financials * US * News * Story - CNBC.com

    Financial Crisis Balance Sheet
    Government Entity Sum in Billions of Dollars
    Federal Reserve

    (TAF) Term Auction Facility 900

    Discount Window Lending
    Commercial Banks 99.2
    Investment Banks 56.7
    Loans to buy ABCP 76.5
    AIG 112.5
    Bear Stearns 29.5
    (TSLF) Term Securities Lending Facility 225
    Swap Lines 613
    (MMIFF) Money Market Investor Funding Facility 540
    Commercial Paper Funding Facility 257


    (TARP) Treasury Asset Relief Program 700


    Other:
    Automakers 25
    (FHA) Federal Housing Administration 300
    Fannie Mae/Freddie Mac 350

    Total $4.3 trillion
     
    Last edited: Nov 25, 2008
  2. Annie
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    Annie Diamond Member

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    Really, we haven't a clue. I figure my great grandchildren will be paying for this nonsense, my kids aren't married yet.
     
  3. GigiBowman
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    GigiBowman Active Member

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    I think there will come a point where the entire US will just implode
     
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    Last edited: Nov 25, 2008
  4. Annie
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    Annie Diamond Member

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    Not being a smartass, but emplode? What does that mean?
     
  5. GigiBowman
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    GigiBowman Active Member

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    spelling error Kathianne
     
  6. DavidS
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    DavidS Anti-Tea Party Member

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    I think he meant implode.
     
  7. Gunny
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    Gunny Gold Member

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    What we NEED to do is tell these corporations tough shit. Then we need to tell the UN/foreign aid tough shit. We need tell Iraq, your country, we gave it to you on a silver platter, fight for it yourselves then bring those military assests home, and the check that goes with them. Redeploy then from Brownseville to San Ysidro. Tack a hefty as import tariff on anything that comes into this country, and double it if it comes from a US manufacturer that relocated overseas.

    And tell the rest of the world that thinks we're so terrible anyway to just fuck off.
     
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  8. Annie
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    Annie Diamond Member

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    Damn I've not had near enough econ, thought nearly more than enough of other social sciences.

    My guess is the US needs to stop taxing, curtail spending, and the people need to pay off their debt. I'm doing my part. I've cut my Christmas spending by more than 1/2. I've cut my personal spending to food and bills.
     
  9. Gunny
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    Gunny Gold Member

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    Basically what I just proposed is we stop supporting the world and fend for ourselves. That includes punishing US corporations that relocate overseas to up their profit margin at the expense of US jobs and the US economy. Seal the Southern border and knock off this illegal immigration BS that's also a main contributing factor to sucking our economy dry.

    We need to take care of our own first.
     
  10. Dr Grump
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    Dr Grump Gold Member

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    Protectionism never works...
     

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