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

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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