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"Financial Crisis Tab Already In The Trillions and Counting"

The article "Financial Crisis Tab Already In The Trillions and Counting" (link) is from Nov. 28, 2008 and thus before the trillion/multi-trillion dollar stimulus plan:
it's a complicated cocktail of budgeted dollars, actual spending, guarantees, loans, swaps and other market mechanisms by the Federal Reserve, the Treasury and other offices of government taken over roughly the last year, based on government data and news releases. Strictly speaking, not every cent is a direct result of what's called the financial crisis, but they're all arguably related to it.

The bulk of the sum falls under the Federal Reserve's umbrella, while another good chunk ($700 billion) is the under the Troubled Asset Relief Program (TARP) as defined under the Emergency Economic Stabilization Act, signed into law in early October.
See the table at the link.
Other tags: mortgage mess

Mon, 02/16/2009 - 13:46 · Importance: 4

Mon, 02/16/2009 - 23:56
Fred Dawes
www.myspace.com/freddawes1776

Look people its going to be 300 trillion not 1 or 3 or 5 or 9 or 50, listen to savage nation and jerry doyle kfmb.com, 760 san diego and understand all you see is part of the plan of total evil. the control of are airways is about to happen and guys that can see like jerry doyle and savage will disappear and the monkeys that are on will stay around to do the party line like good little pigs.

Tue, 02/17/2009 - 04:24
eh

I'm sure all the low wage Hispanic immigrants that many people in the political establishment would like to 'reform' will be happy to pay the tab.