prophet
Posts: 691
Joined: 4/19/2005
Status: online
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the following table seeks to provide as precise an accounting of the crisis as the public record currently permits Item Issuer Amount of Outlay Commercial Paper Funding Facility Federal Reserve $1.8 trillion Temporary Liquidity Guarantee Program FDIC $1.4 trillion Term Auction Facility (TAF) Federal Reserve $900 billion Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE), and Ginnie Mae U.S. Treasury / Federal Reserve $800 billion Treasury Asset Relief Program (TARP) U.S. Treasury $700 billion Total USD International Currency Swap Lines Federal Reserve $688 billion Money Market Investor Funding Facility Federal Reserve $540 billion Other Loans: Primary Dealer Credit, etc. Federal Reserve $288.7 billion Citigroup (NYSE: C) Guarantee U.S. Treasury / FDIC $306 billion Hope for Homeowners Act of 2008 U.S. Treasury $304 billion Term Securities Lending Facility (TSLF) Federal Reserve $225 billion Term Asset-Backed Securities Loan Facility (TALF) U.S. Treasury $200billion Economic Stimulus Act of 2008 U.S. Treasury $168 billion Paid to JPMorgan Chase (NYSE: JPM) to Settle Lehman Brothers Debt Federal Reserve $138 billion AIG (NYSE: AIG) Bailout Federal Reserve $112.5 billion Bear Stearns Brokered Sale Federal Reserve $26.9 billion Grand Total: $8,597,100,000,000
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Create in me a Clean Heart, O Lord.
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