The $11.3 Trillion Dollar Financial Bailout Heist

$11.3 trillion blueprint for recovery: (Listed In billions). “This is what the government has pledged. So far, about one-quarter of the money has been used. Below are the initiatives launched since late 2007—from largest to smallest-to rescue the economy, the financial system, and big firms. Taxpayer’s final bill depends on whether loans and investments go bad.” 

(Source documented below.)

• $1800 commercial paper funding facility 10-7-08 lending to corporations by buying their short-term debt. How much used $249.9B

• $1450 Buy mortgage securities 11-25-08. Invest to ease long-term interest rates. How much used: $290.3B

• $1400 Temporary Liquidity Guarantee Program 10-14-08. Insure newly issued bank debt. How much used: $268.7B

• $1000 Term Asset-Backed Securities Lending Facility TALF 11-25-08. Lend to help revive stalled securitized lending to consumers and businesses. How much used: $290.3B

• $787 Stimulus, Obama 2-17-09. Spend and cut taxes to revive economy. How much used: $787B

• $600 Term Auction Facility TAF 12-12-07. Lend to banks against a wide variety of collateral. How much used: $467.3B

• $540 Money Market Investor Funding Facility (MMIFF) 10-21-08. Invest in commercial paper, bought from money-market funds to bolster their liquidity. How much used: $0

• $500 Public-Private Investment Program 3-23-09. Lend for purchase of bad assets from banks. How much used: $0.

• $400 Fannie Mae and Freddie Mac Rescue 9-7-08. Invest to keep key mortgage firms operating. How much used: $0.

• $300 Buy Treasury Bonds 3-18-09. Invest to ease long-term interest rates. How much used. $33.6B.

• $300 Hope for Homeowners Program 7-30-08. Spend to reduce strain on housing market. How much used: $0.

• $250 Capital Purchase Program 10-14-08. Invest in banks to maintain confidence and lending. How much used: $198.8B.

• $234.3 Citigroup Rescue 11-23-08. Insure risky assets at a major bank. How much used: $0.

• $200 Term securities Lending Facility TSLF 3-11-08. Lend to investment banks against variety of collateral. How much used: $85B.

• $168 Stimulus, Bush 2-13-08. Spend and cut taxes to revive economy. How much used: $168B.

• $112.5 AIG Rescue 9-15-08. Lend to prevent collapse of nation’s largest insurance firm. How much used: $88B

• $100 Consumer and Business Lending 3-25-09. Invest in Fed’s TALF to stimulate lending. How much used: $100B.

• $100 Public-Private Investment Program 3-23-09. Invest to remove troubled assets from banks. How much used $0.

• $87.2 Bank of America Rescue 1-16-09. Insure risky assets at a major bank. How much used: $0.

• $70 AIG Rescue 9-15-08. Invest to prevent collapse of nation’s largest insurance firm. How much used: $40B.

• $60 Student Loans 1-16-09. Lend to keep college credit available. How much used: $0.

• $58 Primary and Secondary Credit Programs (predates crisis). Lend to prevent a freeze up in short-term funding for banks. How much used: $58B.

• $50 Money-Market Fund Guarantees 9-19-09=08. Insure to prevent a run on cash accounts. How much used: $0.

• $29 Bear Stearns Merger 3-14-08. Lend against risky collateral to JPMorgan Chase (to enable its purchase of Bear Stearns). How much used: $29B.

• $27.5 Bank of America Rescue 1-16-09. Invest and insure assets to stabilize a key bank. How much used: $20B

• $25 Citigroup Rescue. 11-23-08. Invest and insure assets to stabilize a key bank. How much used: $20B.

• $24.9 GM, Chrysler Rescue 12-19-08. Lend to prevent auto industry collapse. How much used: $24.5B.

• $18.3 Primary Dealer Facility 3-16-09. Lend to investment banks against broad collateral. How much used: $18.3B.

• $15 Small Business Credit 3-16-09. Lend to revive economy. How much used: $0.

• $10 Citigroup Rescue 11-23-08. Insure risky assets at a major bank. How much used: $0.

• $6.1 Money Market Liquidity Facility 9-19-08. Lend to banks to buy commercial paper from money-market funds. How much used: $6.1B.

• $5 Auto Supplier Aid 3-19-09. Lend to auto suppliers and insure payment on some bills they’re owed. How much used: $0.

• $2.5 Bank of America Rescue 1-16-09. Insure risky assets at a major bank. How much used: $0.

Source: The Christian Science Monitor.com---US government agencies. Research: “Where Did All The Bailout Money Go?”, Mark Trumbull, The Christian Science Monitor, 4-26-09. Originally read from HuffingtonPost.com.

So, where does the taxpayer fit in? NOWHERE! So, where does the working middle class American fit in? REALLY-NOWHERE! So, where do the hardworking Americans who lost half there retirement savings fit in? NOWHERE! This transfer of wealth continues to remain in the hands of the richest Americans who destroyed the economy of this nation!

This is a Wall Street Financial Crime Syndicate takeover of wealth.

thanks for reading, jerry