-
Bailout Total: $29.616 Trillion Dollars
There is a fascinating new study coming out of the Levy Economics Institute of Bard College. Its titled“$29,000,000,000,000: A Detailed Look at the Fed’s Bail-out by Funding Facility and Recipient” by James Felkerson. The study looks at the lending, guarantees, facilities and spending of the Federal Reserve.
The researchers took all of the individual transactions across all facilities created to deal with the crisis, to figure out how much the Fed committed as a response to the crisis. This includes direct lending, asset purchases and all other assistance. (It does not include indirect costs such as rising price of goods due to inflation, weak dollar, etc.)
Read the rest here.
One Homeowner's Uphill Battle with Wells Fargo and Goldman Sachs Shows How Badly The Courts are Stacked Against Ordinary People
Roseanne Barr on Presidential Run: Two Major Parties Are a 'Bunch of Prostitutes Who Work for Big Money'
New Wave of Shareholder Activism Aims to Make Corporations Behave Better--Whether They Like it Or Not
PROGRESSIVE WIRE
