02 April, 2009

FED $12.8 TRILLION

"The U.S. government and the Federal Reserve [same thing] have spent, lent or committed $12.8 trillion ...to stem the longest recession since the 1930's. The combined commitment has increased by 73% since November, when Bloomberg first estimated the funding, loans and guarantees at $7.4 trillion."
http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=home

"If it is enough, that will be great. If it is not enough, they will have to do more." -- Lloyd Blankfein, CEO Goldman Sachs
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2 comments:

  1. Joan d'ArcFriday, April 3, 2009 at 8:47:00 AM EDT

    Wouldn't you love to know what these fiends are grinning about?

    ReplyDelete
  2. DamienFriday, April 3, 2009 at 2:24:00 PM EDT

    'How easy it all is', maybe.

    The CIA-controlled mass media(ABC,NBC,CBS,FOX,CNN etc.) doesn't deem $12.8 trillion worth reporting as a major story; instead madonna adopting a new baby or michelle obamas wardrobe is urgent "news".

    ReplyDelete