Monday
Mar302009
Adding Up The Bailouts: Total Taxpayer Funds Spent And Guaranteed Surpasses $10.5 Trillion
CNN has updated their interactive listing of total bailout commitments. Their effort includes the banks, the autos, Fed commitments, FDIC guarantees, Treasury programs, the TARP, TALF and anything else you can imagine.
Here is another mash-up of total commitments done by Evan at right.org. Scroll down the page.
Reader Comments (6)
How I helped build the bomb that blew up Wall Street.
http://nymag.com/news/business/55687/
Wall Street on the Tundra
Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.
http://www.vanityfair.com/politics/features/2009/04/iceland200904
Paul Krugman has emerged as Obama's toughest liberal critic. He's deeply skeptical of the bank bailout and pessimistic about the economy. Why the establishment worries he may be right.
By Evan Thomas | NEWSWEEK
http://www.newsweek.com/id/191393
I thought G-man's PPIP program WAS the bastard son of TARP? (I suspect PPIP will have bastard sons of its own if it ends up "working" -- i.e. screwing us some more.)
http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=home