$3.43 Trillion & Counting
The real cost of the Wall Street bailout.
$154 |
8/9/07: Fed and European Central Bank inject $154 billion into financial system. |
|
$38 |
8/10/07: Fed injects another $38 billion. |
|
$17.25 |
8/23/07: Fed injects $17.25 billion. |
|
$31.25 |
9/6/07: Fed adds $31.25 billion in reserves to US money markets. |
|
$29 |
3/24/08: Fed agrees to lend $29 billion to facilitate Bear Stearns acquisition by JPMorgan Chase. |
|
$200 |
3/27/08: Fed injects $200 billion of Treasury securities. |
|
$300 |
7/30/08: $300 billion Federal Housing Administration bailout passed. |
|
$200 |
9/7/08: Quasi-nationalization of Fannie Mae and Freddie Mac accompanied by a Treasury pledge to back $200 billion of their losses. |
|
$155 |
9/16/08: Fed agrees to pay $85 billion for 80% stake in aig. Also adds $70 billion in cash to keep credit flowing after Lehman Brothers fails. |
|
$235 |
9/18/08: Fed injects $180 billion to shore up money markets and $55 billon in overnight lending to US banking system. |
|
$480 |
9/29/08: Fed announces it will supply $330 billion to other central banks, triples supply of corporate short-term loans to $225 billion. |
|
$700 |
10/3/08: $700 billion bailout fund passed. |
|
$37.8 |
10/8/08: Fed authorizes another $37.8 billion for aig. |
|
$540 |
10/21/08: Fed injects $540 billion into money market funds. |
|
$144 |
10/27/08: Fed opens emergency commercial paper window, lends $144 billion in three days. |
|
$100 |
11/6/08: $100 billion added to commercial paper facility. |
|
$27.5 |
11/10/08: Fed gives aig another $27.5 billion. |
|
total cost: |
|
Page 1 of 1 
Amazing no one has commented as this is one of the biggest stories of all time. Fatigue?
The Fed is getting socialized/nationalized. Just ask
Lehmans. But the people who control
the Fed control Congress anyways!
There won't even be a "New Boss".
The "Boss" will simply "change"
lapel pins.
After AIG and Warren Buffet's berkshire hathaway, RE General re-insurance companies were being investigated for FRAUD by DOJ atty Maguire, the investigation was shut down and the new DOJ Bush Rove hire dismissed the investigations! With the FBI screaming. Thank God for Tom Gber's Oversight subcommittee complaint on Capital Hill.
Still, if you ans I knew that AIG et all re-insurance companies were hiding their losses, we never would have allowed the Bush administration to give them the $100 BILLION bailout! And then give a swiss company run by EX Senator Phill Gramm (McCain's campaign advisor) money for his failed NON USA company.
PNC from Florida, Jeb's friends that give money to his foundations in Florida? They also got money to BUY OTHER BANKS after their billion dollar investment losses.
I see somnething criminal here, do you?
my opinion
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