9-11 Inside Job
World Trade Center Buildings 1, 2 & 7
Fell on Footprint in Free Fall Time (as if with no resistance)
IMPOSSIBLE WITHOUT EXPLOSIVES
| Total Bailout Cost Heads Towards $5 TRILLION |
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Total Bailout Cost Heads Towards $5 TRILLION admin Prison Planet October 15, 2008 Numbers becoming meaningless as Paulson defends government intervention Steve Watson [1] Infowars.net Wednesday, Oct 15, 2008 The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure. Analysts have [2] previously marked out the $5 trillion figure as the actual cost, now those predictions are becoming demonstratively accurate. Meanwhile, Hank Paulson has [3] defended government intervention, stating “There’s no doubt that the way to get the maximum bang for the taxpayers here was to invest in banks.” Based on [4] this Reuters summary and the sources linked within the table, here is a breakdown of the bailout’s cost to taxpayers so far. Bailout Type Cost To Taxpayers [5] Pelosi’s latest economic-stimulus package $300 billion [6] Paulson’s Bank Nationalization package $250billion [7] Bailout to the American car companies $25 billion [8] Nancy Pelosi’s bailout of the state and local governments $150 billion [9] Financial “bailout” bill $700 billion+ [10] Bear Stearns financing $29 billion [11] Fannie Mae and Freddie Mac nationalization $200 billion [12] AIG loan and [13] nationalization $85 billion (+ extra request of $35 billion) [14] Federal Housing Administration housing rescue bill $300 billion [15] Mortgage community grants $4 billion [16] JPMorgan Chase repayments $87 billion [17] Loans to banks via Fed’s Term Auction Facility $200 billion+ [18] Loans from Depression-era Exchange Stabilization Fund $50 billion [19] Purchases of mortgage securities by Fannie/Freddie $144 billion POSSIBLE TOTAL $2.56 trillion+ NUMBER OF HOUSEHOLDS PER U.S. CENSUS 105,480,101 POSSIBLE COST PER HOUSEHOLD $24,269 In addition, the U.S. government has [20] said it will temporarily guarantee $1.5 trillion (£856 billion) in new senior debt issued by banks, as well as insure $500 billion (£285 billion) in deposits in non-interest accounts, mainly used by businesses. These figures take the potential cost to $4.559 trillion+ - or $43, 221 per household. Furthermore, when you account for the fact that the [21] credit default swap market is around $62 trillion, and that [22] derivatives worldwide are worth between between $1 and $2 quadrillion, the numbers start to become meaningless. Click here to print. Copyright © 2008 PrisonPlanet.com. All rights reserved. |
