[lbo-talk] Bailout Total: $29.616 Trillion Dollars

c b cb31450 at gmail.com
Sun Dec 11 05:06:53 PST 2011

Bailout Total: $29.616 Trillion Dollars There is a fascinating new study coming out of the Levy Economics Institute of Bard College. Its titled“$29,000,000,000,000: A Detailed Look at the Fed’s Bail-out by Funding Facility and Recipient” by James Felkerson. The study looks at the lending, guarantees, facilities and spending of the Federal Reserve.

The researchers took all of the individual transactions across all facilities created to deal with the crisis, to figure out how much the Fed committed as a response to the crisis. This includes direct lending, asset purchases and all other assistance. (It does not include indirect costs such as rising price of goods due to inflation, weak dollar, etc.) Read more

More information about the lbo-talk mailing list