Replies

To: Toddsterpatriot

It's safe to say that the $16 trillion in loans has been repaid if the outstanding balance is down to $13 million.

If this is the case, then why the deficit of 16 trillion?

53 posted on 12/27/2011 9:36:32 PM PST by takenoprisoner (Constitutional Conservatism is Americanism.)

To: takenoprisoner

If this is the case, then why the deficit of 16 trillion?

There is not now, nor was there every, a deficit of 16 trillion.

The Fed’s actual lending to banks and financial companies at its single-day peak, Dec. 5, 2008, was $1.2 trillion.

54 posted on 12/27/2011 10:26:15 PM PST by Doe Eyes

To: takenoprisoner

It's safe to say that the $16 trillion in loans has been repaid if the outstanding balance is down to $13 million.

If this is the case, then why the deficit of 16 trillion?

The banks that borrowed from the Fed have repaid the Fed. The Treasury has borrowed from the world and not repaid their bonds. Clear?

70 posted on 12/28/2011 9:45:23 AM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)

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