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-   -   The Bailout in perspective (http://forums.pelicanparts.com/off-topic-discussions/443339-bailout-perspective.html)

widebody911 11-26-2008 11:30 AM

The Bailout in perspective
 
http://forums.pelicanparts.com/uploa...1227731420.jpg

Gogar 11-26-2008 11:35 AM

4.6 Trillion?

widebody911 11-26-2008 11:43 AM

The only breakdowns I could find in a quick search show it to be higher.
http://bloomberg.com/apps/news?pid=20601109&sid=arEE1iClqDrk&refer=home

and http://clusterstock.alleyinsider.com/2008/11/our-7-4-trillion-bailout

* $2.4 trillion in commercial paper purchases by the Fed.
* $2 trillion in other loans and pledges from the Fed.
* $1.4 trillion in rescue committments, including higher deposits insurance. Bloomberg explains: "The FDIC, chaired by Sheila Bair, is contributing 20 percent of total rescue commitments. The FDIC’s $1.4 trillion in guarantees will amount to a bank subsidy of as much as $54 billion over three years, or $18 billion a year, because borrowers will pay a lower interest rate than they would on the open market, according to Raghu Sundurum and Viral Acharya of New York University and the London Business School."
* $892 billion for the Treasury's TARP and other Hank Paulson rescues.
* $300 billion from FHA to guarantee mortgages through the Hope for Homeowners program, designed to keep distressed borrowers from foreclosure.
* $444 billion bailout bucks for Sheila Bair's mortgage program. Bloomberg: "Not included in the calculation of pledged funds is an FDIC proposal to prevent foreclosures by guaranteeing modifications on $444 billion in mortgages at an expected cost of $24.4 billion to be paid from the TARP, according to FDIC spokesman David Barr. The Treasury Department hasn’t approved the program."


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