Where did all the bailout money go?
posted on April 29, 2009 at 8:33 pm
The Christian Science Monitor says the federal government has committed $11.3 trillion to recovery efforts. It’s spent about $3 trillion so far.
I’ve not heard anything close to that number before. They have a nice graphic and a breakdown of how they came up with that number. To be fair, much of it will only come due if disaster strikes. For instance, the Federal Reserve will actually make as much as $1.8 trillion when some of its 90-day loan notes come due.
Still, the federal government is spending a whole lot of money that we don’t have.
Related posts:
- Good journalism from ProPublica Nice to see this type of reporting from a non-profit:...
- Fox News appeals ruling for U.S. Fed over bailout Fox News gets a whole lot of grief for being...
- Huge ruling on campaign laws, free speech The Supreme Court just ended the long-held ban prohibiting corporations...
Related posts brought to you by Yet Another Related Posts Plugin.
