Friday, November 21, 2008

Silly Taxpayers, its not $700 Bil, its $4.28 Tril

What???? You thought that you were on the hook for only $700 billion....riiiiight! We're talking the US Congress here folks.....its already $4.28 Trillion and counting.

Link

Financial Crisis Balance Sheet
Government EntitySum in Billions of Dollars
Federal Reserve


(TAF) Term Auction Facility900


Discount Window Lending
Commercial Banks99.2
Investment Banks56.7
Loans to buy ABCP76.5
AIG112.5
Bear Stearns29.5
(TSLF) Term Securities Lending Facility225
Swap Lines613
(MMIFF) Money Market Investor Funding Facility540
Commercial Paper Funding Facility257




(TARP) Treasury Asset Relief Program700




Other:
Automakers25
(FHA) Federal Housing Administration300
Fannie Mae/Freddie Mac350


Total4284.5
Note: Figures as of Nov. 13, 2008