Economy

Demeter

(85,373 posts)

44. Hey, I Was Going to Post That!

Fri Dec 16, 2011, 09:39 AM

Dec 2011

"Here’s the hurricane: In reality, no less than $29.616 trillion is the total emergency assistance provided by the Fed to foreign and domestic entities during the Global Financial Crisis. Let’s repeat that: $29 trillion. This astounding number is over twice U.S. gross domestic product, the nominal value of all goods and services produced for the year 2010. This is the total of the bailout as calculated by Nicola Matthews and myself as part of the Ford Foundation project, A Research And Policy Dialogue Project On Improving Governance Of The Government Safety Net In Financial Crisis. We will be presenting the results of our analysis in a series of papers published by the Levy Economics Institute, the first of which, “29,000,000,000,000: A Detailed Look at the Fed’s Bailout by Funding Facility and Recipient,” is already available here." SEE LINK

http://www.alternet.org/story/153462/bail-out_bombshell%3A_fed_%22emergency%22_bank_rescue_totaled_%2429_trillion_over_three_years?page=entire

AND, I'M WILLING TO BET THAT THERE'S STILL MORE BAILOUTS UNCOUNTED IN THE PAST AND/OR FUTURE...

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STOCK MARKET WATCH, Friday, December 16, 2011 [View all] Hugin Dec 2011 OP

Okay, here's the downside of me doing this. Hugin Dec 2011 #1

excellent n/t Po_d Mainiac Dec 2011 #2

Yes, I can do that mid-morning here tomorrow. Ghost Dog Dec 2011 #5

Please, excuse my lack of perceptiveness... Hugin Dec 2011 #87

This is what my firewall/site analyzer shows me, that's all. Ghost Dog Dec 2011 #92

... Hugin Dec 2011 #103

You are giving me calendar anxiety. tclambert Dec 2011 #3

Sorry about that. Hugin Dec 2011 #4

I suggest adding a link back to each previous day's thread, Ghost Dog Dec 2011 #6

Great idea! DemReadingDU Dec 2011 #22

Got it! Hugin Dec 2011 #23

Yea! I am so glad to see this up Demeter Dec 2011 #7

When The Formerly Rich Need Help Buying Food Demeter Dec 2011 #8

Millionaires on Food Stamps and Jobless Pay? G.O.P. Is on It Demeter Dec 2011 #10

Spanish debt sale helps lift markets Ghost Dog Dec 2011 #9

Another successful Spanish bond auction; EU leaders plan additional summit Ghost Dog Dec 2011 #18

Spanish debt '66% of GDP in third quarter': bank Ghost Dog Dec 2011 #70

Pulling Back the Curtain on the Wall Street Money Machine Demeter Dec 2011 #11

The Book of Jobs By Joseph E. Stiglitz Demeter Dec 2011 #31

I reckon this is one of the benefits of holding global economies by the ballz. nc4bo Dec 2011 #58

day after day after day of this crap dixiegrrrrl Dec 2011 #85

Big Bang Theory is my latest thing. dkf Dec 2011 #104

There would be a link missing above, no, Demeter? Ghost Dog Dec 2011 #62

Here's the link Demeter Dec 2011 #77

Be careful. Pace yourself. Ghost Dog Dec 2011 #79

Protesters Occupy Goldman Sachs Demeter Dec 2011 #12

The Money Quote (Pun Intended) Demeter Dec 2011 #13

Thirteen Ways of Looking at a Revolution Demeter Dec 2011 #34

(NEOLIBERAL FORM OF) Capitalism Is the Enemy of Democracy Demeter Dec 2011 #14

Another "Money" Quote Demeter Dec 2011 #15

Move Your Money, Change the System Demeter Dec 2011 #32

Lehman Brothers: Financially and Morally Bankrupt Demeter Dec 2011 #16

Posting this stuff is really painful Demeter Dec 2011 #17

Buoyant miners help lift European stocks Ghost Dog Dec 2011 #19

Euro-Area October Exports Fall 1.9%, Led by Germany, Spain Ghost Dog Dec 2011 #20

Spain Unpaid Bills May Haunt (new PM) Rajoy as States Crave Liquidity Ghost Dog Dec 2011 #26

French Dec. Business Confidence At 21-Month Low Ghost Dog Dec 2011 #27

French FinMin Says Economic Situation In U.K. 'Very Worrying': Report Ghost Dog Dec 2011 #29

Ireland sees largest trade surplus after Germany and Netherlands Ghost Dog Dec 2011 #30

Finance Sector Paid $98 Billion in UK Taxes in 2011: Report Ghost Dog Dec 2011 #33

The Pitfalls of the Merkozy Fiscal Pact xchrom Dec 2011 #63

S&P downgrades ratings at 10 Spanish banks with new criteria xchrom Dec 2011 #65

Talks over forgiving Greek debt proving difficult xchrom Dec 2011 #67

Swiss Central Bank Holds Euro Cap Ghost Dog Dec 2011 #75

Swiss Franc Rises Further Against Euro And Pound Ghost Dog Dec 2011 #81

European Stocks End Rough Week With Another Loss Ghost Dog Dec 2011 #80

FITCH PLACES BELGIUM, SPAIN, ITALY, IRELAND, SLOVENIA, CYPRUS ON RATING WATCH NEGATIVE Roland99 Dec 2011 #84

Fitch - Comprehensive euro zone deal "beyond reach" Ghost Dog Dec 2011 #94

U.S. Stock Futures Climb Before Inflation Report; RIM Sinks on Phone Delay Ghost Dog Dec 2011 #21

Asian Shares Advance On US Data Ghost Dog Dec 2011 #24

BofA, Goldman, Barclays Have Fitch Ratings Cut Ghost Dog Dec 2011 #25

Ratings cut, bah.... InkAddict Dec 2011 #28

morning -- love the toon! xchrom Dec 2011 #35

Good morning. Ghost Dog Dec 2011 #37

kinda cool! nt xchrom Dec 2011 #41

There's No Hiding From Tar Sands Oil xchrom Dec 2011 #36

Take a Look at These Crooks: This Year's 5 Highest-Paid American CEOs Demeter Dec 2011 #38

Ehrenreich:Occupy Shows That the Real Elites Are the Thieves of the 1%, Not The Liberals Demeter Dec 2011 #42

study: past corporate tax holidays led to little job creation ... xchrom Dec 2011 #39

It's Time to Tax the Church Demeter Dec 2011 #40

Bail-out Bombshell: Fed "Emergency" Bank Rescue Totaled $29 Trillion Over Three Years xchrom Dec 2011 #43

Hey, I Was Going to Post That! Demeter Dec 2011 #44

i think we can just about count on the 'more' bail outs. xchrom Dec 2011 #46

Goldman runs into sukuk hurdle Demeter Dec 2011 #45

US Census Shows 1 In 2 People Are Poor Or Low-income Demeter Dec 2011 #47

Signs of Deflation Demeter Dec 2011 #48

Yes, I think this is the other D-word to watch, now. Ghost Dog Dec 2011 #68

Bill Black calls for the end of PAC �Presidential Amnesty for Contributors� doctrine Po_d Mainiac Dec 2011 #49

south asia: RBI saves Indian stock market's trillion-dollar tag, for now xchrom Dec 2011 #50

Food inflation eases to nearly four-year low of 4.35% xchrom Dec 2011 #51

India Profit Forecasts Cut Deepest Since �09 as Sensex Sinks Most in World xchrom Dec 2011 #76

Christine Lagarde: European financial crisis is too serious for eurozone countries to solve alone Demeter Dec 2011 #52

ECB Success and Folly Demeter Dec 2011 #59

"Assistance to Europe", of course, should read "assistance to certain European banks", Ghost Dog Dec 2011 #66

Congressional leaders reach spending deal to avoid government shutdown Demeter Dec 2011 #53

Today's Reports Roland99 Dec 2011 #54

U.S. consumer prices up 3.4% in past 12 months Roland99 Dec 2011 #55

That's a big negative earnings on a savings account Po_d Mainiac Dec 2011 #61

POD.... AnneD Dec 2011 #90

As far as I know it still stands Po_d Mainiac Dec 2011 #95

Inflation-adjusted average hourly wages fall 0.1% Roland99 Dec 2011 #56

U.S. consumer prices unchanged in November Roland99 Dec 2011 #57

Oil prices rise on improving economic news Ghost Dog Dec 2011 #73

Bill Black: Dante�s Divine Comedy � Banksters Edition Demeter Dec 2011 #60

There's so much Free-Marketeer spin in this article that it makes me dizzy bread_and_roses Dec 2011 #64

Everything's coming up roses! Roland99 Dec 2011 #69

Not for long... Ghost Dog Dec 2011 #82

I jinxed them! (either that or it was Fitch's release >>>>> Roland99 Dec 2011 #83

I just hope things last a little longer...... AnneD Dec 2011 #93

You Aren't the Only One Demeter Dec 2011 #97

If you're gonna put all that cash under the matress Po_d Mainiac Dec 2011 #101

Oh my DemReadingDU Dec 2011 #102

World trade body agrees to Russia becoming member, in boost to European Union economy Ghost Dog Dec 2011 #71

Outrageous Prediction: Australia Goes Into Recession Ghost Dog Dec 2011 #72

Bank Failures Cost U.S. $88 Billion xchrom Dec 2011 #74

Gold Rout Means Traders Least Bullish xchrom Dec 2011 #78

I dunno... I find it faintly amusing. TalkingDog Dec 2011 #86

... xchrom Dec 2011 #88

.... Po_d Mainiac Dec 2011 #96

Bloomfart is confusing paper with hard Po_d Mainiac Dec 2011 #98

Pardon my ignorance... What does the "MF" stand for in MF Global? Hugin Dec 2011 #89

Mother Fuckers. What could you have been thinking? Po_d Mainiac Dec 2011 #91

They used to have their own Cable TV show. Fuddnik Dec 2011 #99

All we need now is a photo of Tinkerbell in a LBD and I'll declare SMW open!! Hugin Dec 2011 #100