Pelican Parts
Parts Catalog Accessories Catalog How To Articles Tech Forums
Call Pelican Parts at 888-280-7799
Shopping Cart Cart | Project List | Order Status | Help



Go Back   Pelican Parts Forums > Miscellaneous and Off Topic Forums > Off Topic Discussions


Reply
 
LinkBack Thread Tools Rating: Thread Rating: 1 votes, 5.00 average.
Author
Thread Post New Thread    Reply
Too big to fail
 
widebody911's Avatar
 
Join Date: Jan 2002
Location: Carmichael, CA
Posts: 33,894
Garage
Send a message via AIM to widebody911 Send a message via Yahoo to widebody911
The Bailout in perspective


__________________
"You go to the track with the Porsche you have, not the Porsche you wish you had."
'03 E46 M3
'57 356A
Various VWs
Old 11-26-2008, 11:30 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #1 (permalink)
Band.
 
Join Date: Dec 2003
Location: Denver, CO
Posts: 13,313
Send a message via AIM to Gogar
4.6 Trillion?
__________________
1983 SC Coupe
1963 BMW R60/2
1972 Triumph Tiger
1995 Triumph Daytona SuperIII
Old 11-26-2008, 11:35 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #2 (permalink)
Too big to fail
 
widebody911's Avatar
 
Join Date: Jan 2002
Location: Carmichael, CA
Posts: 33,894
Garage
Send a message via AIM to widebody911 Send a message via Yahoo to widebody911
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."

__________________
"You go to the track with the Porsche you have, not the Porsche you wish you had."
'03 E46 M3
'57 356A
Various VWs
Old 11-26-2008, 11:43 AM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #3 (permalink)
Reply


 


All times are GMT -8. The time now is 04:20 AM.


 
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2025 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page
 

DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.