Money Still Owed In Federal Bailout: $1.5 Trillion Still Owed to Treasury, Federal Reserve

[Donnachaidh]

http://www.prwatch.org/news/2011/08/10924/money-still-owed-federal-bailout-15-trillion-still-owed-treasury-federal-reserve

A new study released today by the Center for Media and Democracy (CMD) shows that, despite rosy statements about the bailout's impending successful conclusion from federal government officials, $1.5 trillion of the $4.8 trillion in federal bailout funds are still outstanding.

The analysis, presented in charts and an online table and program profiles, is based entirely on government records. This comprehensive assessment of the bailout goes beyond the relatively small Troubled Asset Relief Program (TARP) program to look at the rest of the Treasury and Federal Reserve’s multi-trillion dollar response to the financial crisis. It shows that while the TARP bailout of Wall Street (not including the bailout of the auto industry) amounted to $330 billion, the government also quietly spent $4.4 trillion more in efforts to stave off the collapse of the financial and mortgage lending sectors. The majority of these funds ($3.9 trillion) came from the Federal Reserve, which undertook the actions citing an obscure section of its charter.



“In order to understand the big picture on the bailout, you have to look beyond TARP and examine the trillions the Federal Reserve has disbursed to keep the big banks above water. $4.8 trillion went out the door to aid financial companies and repair the damage they caused to financial markets, and $1.5 trillion of that is still outstanding,” said Mary Bottari, director of CMD’s Real Economy Project.

TOTAL WALL STREET BAILOUT COST TABLE: You can click here to see our a full list of each bailout program, the amount of money disbursed and the amount of money outstanding in each program.

:snip:



More at the link --

[FreakinDJ]

1. Lets give Wall St more Tax Loopholes so they can pay it back

[indepat]

2. Trillions to the banksters, fraudsters, and Wall Street, but grandma, the old, frail, and

poor must be thrown under the bus to fix our debt problems while the uber-wealthy and large corporations are allowed to continue to receive untold federal largess through programmed fervent slopping (sucking) at the public welfare teat. Hello, this and MIC funding, including two wars, are the causes of the problem. If only I could draw a simple picture to illustrate this thesis, but hell, scuds of graphs depicted daily on this board already do so. :patriot:

[banned from Kos]

3. So the Fed LOANED money to the banks as Lender of Last Reserve

according to their 1913 charter?

And the $125 billion in profit from interest went to the taxpayers?


WHAT THE FUCK is the problem here?