http://canadafreepress.com/index.php/article/6581
Just think about the recent bailouts, how much has our government thrown down the endless “bail out hole”…
Let’s add it up!
# $ 800 billion to support mortgage consumer debt.
# $100 billion for Fannie Mae
# $100 billion for Freddie Mac
# $150 billion for Stimulus package (from January)
# $8 billion for Indymac
# $29 billion for Bear Stearns
# $ 700 billion for Wall Street ( Bank of America; Merill Lynch, City Group, JP Morgan, Washington Mutual, Wells Fargo; Wachovia, Morgan Stanley, Goldman Sachs…)
# $143.8 Billion for AIG ( which keeps growing)
# $25 Billion for the big three in Detroit.
# $138 billion for Lehman Brothers (post bankruptcy) through JP Morgan.
# $ 50 Billion for money market funds.
# $ 620 billion for general currency swaps from the feds.
Totaling : $2,863,800,000,000
This doesn’t include the hundreds of billions the feds have and will continue to buy in commercial paper. Plus, what they lend out to other financial firms.
Let’s add it up!
# $ 800 billion to support mortgage consumer debt.
# $100 billion for Fannie Mae
# $100 billion for Freddie Mac
# $150 billion for Stimulus package (from January)
# $8 billion for Indymac
# $29 billion for Bear Stearns
# $ 700 billion for Wall Street ( Bank of America; Merill Lynch, City Group, JP Morgan, Washington Mutual, Wells Fargo; Wachovia, Morgan Stanley, Goldman Sachs…)
# $143.8 Billion for AIG ( which keeps growing)
# $25 Billion for the big three in Detroit.
# $138 billion for Lehman Brothers (post bankruptcy) through JP Morgan.
# $ 50 Billion for money market funds.
# $ 620 billion for general currency swaps from the feds.
Totaling : $2,863,800,000,000
This doesn’t include the hundreds of billions the feds have and will continue to buy in commercial paper. Plus, what they lend out to other financial firms.