Max Keiser & Afshin Rattansi on Obama’s 1 trillion plan

Posted on March 25, 2009 by admin| 1 Comment

While I work on fixing header image, here is a video of Max and Afshin:

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One Response to Max Keiser & Afshin Rattansi on Obama’s 1 trillion plan

  1. JJ | March 25, 2009 at 8:36 am |

    Item
    Issuer / Guarantor
    Amount of Outlay or Guarantee
    Commercial Paper Funding Facility
    Federal Reserve
    $1,800 billion
    Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), and Ginnie Mae
    U.S. Treasury / Federal Reserve
    $1,650 billion
    Temporary Liquidity Guarantee Program
    FDIC
    $1,400 billion
    Geithner’s Legacy Loans Program
    FDIC
    $1,000 billion
    Term Asset-Backed Securities Loan Facility (TALF)
    Federal Reserve / U.S. Treasury
    $1,000 billion
    Term Auction Facility (TAF)
    Federal Reserve
    $900 billion
    Obama Stimulus Plan
    U.S. Treasury
    $787 billion
    Earmarked within 2010 budget proposal for additional bailout
    U.S. Treasury
    $750 billion
    Treasury Asset Relief Program (TARP)
    U.S. Treasury
    $700 billion
    Total USD international currency swap lines
    Federal Reserve
    $688 billion
    Money Market Investor Funding Facility
    Federal Reserve
    $540 billion
    Line of credit to FDIC supported by Bair, Geithner, and Bernanke
    U.S. Treasury
    $500 billion
    Citigroup (NYSE: C) Guarantee
    U.S. Treasury / FDIC
    $306 billion
    Hope for Homeowners Act of 2008
    U.S. Treasury
    $304 billion
    Fed Purchase of Long-term Treasuries
    Federal Reserve
    $300 billion
    Term Securities Lending Facility (TSLF)
    Federal Reserve
    $225 billion
    Economic Stimulus Act of 2008
    U.S. Treasury
    $168 billion
    Other loans: Primary Dealer Credit, etc.*
    Federal Reserve
    $138.2 billion
    Paid to JP Morgan Chase (NYSE: JPM) to settle Lehman debt
    Federal Reserve
    $138 billion
    Bank of America (NYSE: BAC) guarantee
    U.S. Treasury / FDIC
    $118 billion
    AIG (NYSE: AIG) Bailout (excluding TARP)
    Federal Reserve
    $110 billion
    Bear Stearns brokered sale
    Federal Reserve
    $25.9 billion
    I’m afraid to look …
    Total:
    $13,548,100,000,000
    =Death of the dollar!