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Economy

truedelphi

(32,324 posts)

3. And in addition to considering the scope of all the backstopping -

Reply to truedelphi (Original post)

Sun Jun 24, 2012, 03:01 PM

Jun 2012

there is this to consider:

A chart of US federal debt levels:
http://www.usgovernmentspending.com/federal_debt_chart.html

As it shows, the Federal debt is 16.4 Tn dollars, about the same as GDP. But the important figure is debt HELD BY THE PUBLIC, because debt that the government owes itself just cancels itself out (think about how much of a financial burden debt.

The debt held bv US citizens stands at over 9 TRILLION dollars.

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Highlight:

Derivatives at Morgan Stanley get moved to banking subsidiary [View all] truedelphi Jun 2012 OP

Bank of America also pulled this scam Warpy Jun 2012 #1

Sleazoid policy man Tim Geithner was one of the main reasons truedelphi Jun 2012 #2

I'm not sure US citizens are ready for another round of bank bailouts in the billions wordpix Jun 2012 #5

If the Federal Government officials will give them the money, truedelphi Jun 2012 #6

The derivatives casino is so huge that the US taxpayer Warpy Jun 2012 #7

And in addition to considering the scope of all the backstopping - truedelphi Jun 2012 #3

So we can expect a new Moody's rating? Sushi_lover Jun 2012 #4