[LibLieSlayer]

CHUMP CHANGE... LET'S REPORT ON THE 15 TRILLION DOLLARS THE FED RESERVE POURED INTO CORRUPT EUROPEAN BANKS DURING THIS TIME... THAT WAS REPORTED THIS WEEK... WHAT'S THAT YOU HEAR? I DO BELIEVE IT IS CRICKETS. IT WAS DONE IN SECRET... CONGRESS WAS KEPT IN THE DARK... OBAMA KNEW... WHAT CHA GONNA DO?

We will never earn or grow our way out of this debt and unelected and unconstitutional bureaucrats sold us out to the world socialists. When do we start over?

LLS

[Liz]

REPORTED THIS WEEK----THE FED RESERVE POURED ABOUT $15 TRILLION INTO CORRUPT EUROPEAN BANKS......DONE IN SECRET... CONGRESS WAS KEPT IN THE DARK... OBAMA KNEW...

MUST READ What the so-called "collapse" of the banking system wrought:

Dec 21, 2009
Behind The Real Size of the Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com

The price tag for the Wall Street bailout is often put at $700 billion—the size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets.

To get a sense of the size of the real $14 trillion bailout, see our chart at web site. Below, a guide to the pieces of the puzzle:

Treasury Department bailout programs
(Remember that Obama's Treasury Dept was controlled by his then-COS Rahm Emanuel---a G/S lobbyist in the WH)

Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.

Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."

GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.

LONG READ---go to web site to read more and checkout the shocking charts.

SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout