debate bloomberg..[but gabby/..is more clever than..bloomberg/kellogs]

The Real Cost of the Bailout
By..KEVIN ZEESE

$7.6 trillion.

That is what Bloomberg reports/has been committed on behalf of the American taxpayer..to bailout America’s finance system...This includes spending by the Treasury,..Federal Reserve and FDIC.

The amount..=..to half the value of everything..produced in the United States..last year.

It is $24,000 for every man,woman and child in America,..that is nearly..$100,000..for a family of four.

nine times what..U.S...has spent..[so far]..on wars in Iraq and Afghanistan.

It is enough money..to pay off/..more than half the country's mortgages,..but bankruptcies have continued despite the bailout.

We do not even know/..where all of those funds have gone...The taxpayer is putting up a King's/ransom..and not being told who is receiving it...We guarantee the debts of banks....and are not being told what collateral is provided..or who is receiving the funds.

Before receiving the bailout funds,Treasury/Secretary..Paulsen promised transparency...But,..Federal-Reserve/Chairman[Bernanke]..says that such transparency would be.."counterproductive."

All/this money..and yet foreclosures,..bankruptcy and unemployment are all up;..the stock market,..consumer spending and housing prices are down...Pouring tax dollars into banks..is not working.

We don’t know where the bottom is yet,..see no evidence that the bailout is working and already,..as Barry/Ritholtz,author of.."Bailout Nation,"..points out,the bailout has cost more than..
http://www.counterpunch.org/zeese11262008.html

http://www.prisonplanet.com/cost-of-bailout-hits-85-trillion.html

The total cost of funds committed..to the bailout..in its various guises..has now hit $8.5 trillion dollars,..up from $7.7 trillion in just two days after the federal government committed an additional $800 billion to two new loan programs on Tuesday.

The total amount of funds now committed equals a figure that represents 60 per cent of the U.S.gross domestic product.

Millions of Americans with savings accounts and pensions will ultimately pay the price because, as the San Francisco Chronicle admits today,..“The Fed lends money from its own balance sheet or by essentially creating new money.”

You’ll also find this little snippet in the article, “Most of the money, about $5.5 trillion,comes from the Federal Reserve,which as an independent entity does not need congressional approval to lend money to banks or,in..“unusual and exigent circumstances,”..to other financial institutions...do/your research...gabby

http://www.google.com/search?ie=UTF-8&oe=UTF-8&sourceid=gd&q=real+cost+of+the+bail+out&hl=en-GB&rls=MEDA,MEDA:2008-36,MEDA:en-GB

Ah, just as I thought, UOGs claim was nonsense, the insurance
industry never got 7 trillion $.

No report on Bloomberg either about them getting 7 trillion $.

Verbal masturbation UOG, you are a specialist at it !

gee gabby your really not trying mate [are you]

here i did the search..[take your pick]

i could have narrowed it down for you by quoting the quoted number ..but im sick of proving stuff..to one so intent on remaining ignorant

http://search.yahoo.com/search;_ylt=A0oGklCMsytKsyMAtgGl87UF?p=bloomberg+bail+out+trillion&fr=sfp&fr2=&iscqry=

try the links dear gabby..they are more informative than your cornflakes packet...

read what i wrote and quote..yet you cant fillin the gaps,..i was talking about the cost of the bailouts...the cost of the bailouts quoted at that time...its since gone up

i left out the word share...that dont change the facts preceeding the extracted quote

yes your right in quoting the...your..perception..that insurance /underwriters got the whole lot..[but that wasnt the flow of the whole debate..

[nor even the post]...but your so keen to refute the info..you pick on one word..left out...[while ignoring the whole post]

here is the full paragraph...noting i divided so simpletons like you..will comprehend what im posting

<<..the INCREASE/intrest..built in by the money-changers..[who on-sold..securitised..their debt into..'securities'..[created by bundeling the mortgauge's,..then even securitised....their !!..worthless DEBT default's..into securities via debt-swaps,..PLUS,..turned....THEM all..into..'AAA-rated'securities..by ratings agencies collusions..[they..[we]..insured them..[..thus even insurances/underwriters got their >>>SHARE of<<...7 trillion in govt bailouts]..>>> as it was wrote..pre editing it for clarity..happy now?

thats a dumb question..of course you are/as long as you can spew your bile at the messenger...your quite content...but i will keep posting info for you..even knowing you cant be bothered reading the links

here is the search again
http://search.yahoo.com/search;_ylt=A0oGklCMsytKsyMAtgGl87UF?p=bloomberg+bail+out+trillion&fr=sfp&fr2=&iscqry=

...give you a hint look for the number..[im not making this up]
i quoted the article..[that reveals i UNDER quoted the number]...

but that only reveals it worse than i suspected

but be..in name calling denial..all you like
it wont change what i chose to do in the least

All that effort UOG, yet no links to show that anyone was given
7 trillion $, let alone just to insurance companies.

Let me explain to you a little difference. The Australian Govt
has guaranteed loans taken out by Australian banks, to the
tune of many billions of $. Banks even pay them a fee for this.
Yet so far, the Australian Govt has not paid out a single cent
in actual payments.

UOG, have fun and amuse yourself, but don't expect anyone to take
your crazy claims seriously, apart from the odd nutter of course.

..the govt guarentees are for the money market,bankers AND their underwriters/insurors etc..

govt is on the hook..for the guarentees's..it has made under juress...was..forced to make..under threat of imminent collapse of the whole finantial system....as reflected in the lists of bailouts..i posted,..made under juress...via govt borrowing..[from the fed]..lol..to save the people having a run..on the banking system..

it's..at the whim of the bankers..if they..chose to default...and if they..do..govt is on the hook...the stress-tests were fraud..as i also previously posted..[and]..as repeated on the youtube clip on the search

the moneyed/fed/banking elites..have set the game-up..[was threatening to close shop..last year..unless govt gave their guarentees...however much you may be in denial..about the matter...

lest you forget..the rush..to pass the bailout..through congress...yes..bankers are paying a fee for this surity..[but if/when..bankers chose to default..its govt who loses]...and even their guarentees..wont save the ursury-system

the system of fed/fiat/banking has failed..[self-regulation cant work with greedy money-grubs such as yourself..as revealed by the very words your chosing to use...these are..in the record your previous postings..revealed how much your..so like those you defend...but love of money/wealth does these things..to the weak minded and feeble

its nothing to do with howhard and co..that we havnt had a run on the banks...but because rudd realised it was likely..going by the media reporting and his advisers..

[you think he and they didnt have realistic fears put on him...them..by the sold out bankers/advisers..needing to get aussies on the hook..into debt..or rather for the fed..to get control of govt bonds and surities,..now no doudt held by the world-bankers...to keep govt/..tax-payers bound..to a flawed fia/monetory system

debt-free dont suit bankers mate

[look how..they advised him..to get into 300 billion of debt]...thats your mates love..[your finantial/bwanking-buddies]..how come the fed..who makes money..couldnt underwrite their own monetary-system..

[why did it have to be govt?...because their not content..just..stealing our gold and silver..coin-age..[they want the blood govt/securities/debt..[and the new carbon/credit..payable by the waged/tax serfs..

[so elite/fiatised/wealthy nutters..like you can say show me the proof...MATE..THATS WHY WE NEED TO AUDIT our FED..AS WELL...cause they..have your proof..but refuse to explain..aswell..[even to govt]

“The general public, i.e. people like you and me, have been using credit like drunken sailors for many years….

But unless you favour the view that nothing is actually our own fault…..”

So Pericles is now blaming the common person in the street for the 2008 financial crisis, because of using credit cards; quite unbelievable.

The world financial market had been warned about deregulation and the danger of its collapse because of morally corrupt bankers. It's like closing down the police force and the thieves are having a good time.

The BBC reported of Warren Buffet describing the derivatives market as “contracts devised by madmen”, “financial weapons of mass destruction”

>>“The derivatives market has exploded in recent years, with investment banks selling billions of dollars worth of these investments to clients as a way to off-load or manage market risk.

…Mr Buffett argues that such highly complex financial instruments are time bombs and ‘financial weapons of mass destruction’ that could harm not only their buyers and sellers, but the whole economic system.

Derivatives also pose a dangerous incentive for false accounting, Mr Buffett says.”<<
http://news.bbc.co.uk/2/hi/business/2817995.stm

A conversation with Naomi Klein, author of "The Shock Doctrine" and William Greider, author of "Come Home, America" shows clearly how Obama has betrayed the very people who voted for him and are bought over by the rich investment bankers.

http://www.charlierose.com/view/interview/10293