Commodity Bay
...a treasure trove of commentary and resources for commodity traders and enthusiasts
 
Got commodity related questions/comments?
Interested in diversifying your portfolio?
Contact us today for further information!
 
Commodity Blog
Here a Trillion, there a Trillion!


          
          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.
          
                                                        
              

Back
No comments yet.
Submit your post
Your name:
Your homepage:
Your post:
Verif. code:
Verif Code
 
 
 
Resources
Oil Prices, Today & TomorrowBarchart.com - online financial quotesTrading Charts - Free charts & QuotationsBig Charts - Interactive Charting & Research ToolsNew York Mercantile ExchangeChicago Board of Trade