Lets take a look at the current government bailouts:
Federal Reserve Programs:
Commercial Paper: $1.8 trillion
Term Auction Facility: $900 billion
Finance Co. Debt Purchases: $600 billion
Money Market Facility: $540 billion
Term Securities Lending: $250 billion
Term Asset-backed Loan Facility: $200 billion
Other Credit Extensions: $729 billion
Citigroup Bailout: $291 billion
Discount Window Lending plus
Commercial Paper #2/Bear Stearns/: $240 billion
Overnight Loans/secondary credit
Total for Federal Reserve: $5.6 trillion
Total for FDIC: $1.5 trillion
Total for Treasury: $1.1 trillion
Total for FHA: $300 billion
GRAND TOTAL: $8.5 trillion!
Add to this Obama's stimulus package which will easily be $500 billion or more, we could get close to $10 trillion by the end of the first quarter of 2009. Simply amazing by any standards.





