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cnbc.com - 11/21/2008

All US Financials Will be Nationalized in a Year: Manager - Financials * Europe * News * Story

— cnbc.com — It's not preferable, but all major U.S. financial companies will eventually be under government control because the... alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday. "All ... (more) All US Financials Will be Nationalized in a Year: ...

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forbes.com - 11/13/2008

Washington's $5 Trillion Tab

— forbes.com — For all the fury over Treasury Secretary Henry Paulson's $700 billion emergency economic relief fund, it seems... downright puny when compared to the running total of the government's response to the credit crisis. According to CreditSights, a research ... (more) Washington's $5 Trillion Tab

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michellemalkin.com - 11/10/2008

AIG uses my money to tell me how taking more of my money is good for me

— michellemalkin.com — In the dark of night last night, the Bush administration and AIG hammered out a plan to... confiscate more of my money and yours For The Good Of The Economy. [...] Read the rest » (more) AIG uses my money to tell me how taking more of my money ...

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Bailout tally: $3.8 trillion and counting.
Think Progress — ... CNBC is keeping tabs on the amount that the federal government has been forced to spend to bail out corporate America. The total? “Three-point eight trillion dollars. That’s $3,800,000.000.000. More than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources.” Check out CNBC’s line-by-line breakdown of where the taxpayer funds are going. ...

CNBC: At $4.3 Trillion, Bailout Costs Exceed WWII
Open Left - Front Page — According to an analysis by CNBC, "Financial Crisis Tab Already In The Trillions" , the financial bailout tab already stands at $4.28 trillion and counting.  That's about 20 times the cost of the Louisiana Purchase (adjusted for inflation), and more than anything else CNBC could come up with, including World War II, which cost $3.6 trillion by their estimate.  They have a slideshow of  "Big Budget Events" ...

Brother, can you spare 40,280,000,000,000 dimes?
DownWithTyranny! — ... ," but that's a hell of a rounding error. The 28 to the right of the decimal point is enough by itself to pay for putting a man on the moon in the 60s, or, if you prefer, the Louisiana Purchase. Or the Manhattan Project, maybe with a couple of Panama Canals thrown in. ...

Cutting the Gordian Knot of Bad Contracts To Save the Economy
Firedoglake — ... Or rather, the government is not required to pay it off. What is happening now, what has been happening, is the government either making good or guaranteeing losses. Not making good the losses of the little people, the people who took out the mortgages or who are losing their jobs as a result of the financial meltdown, but making good the losses of the investing class and the financial sector. The Fed and Treasury together have spent, as of November 28the had already spent, loaned, committed, guaranteed and floated 7.36. By now we can assume it's well over 8 trillion. ...

Barack Obama: King Of Corporate Welfare
Politics on HuffingtonPost.com — ... only spending by the U.S. Treasury (not the Fed, FDIC, or other federal agencies), and arrives at a total figure of $1.1 trillion. CNBC calculates a much larger figure, $7.36 trillion, taking into account, a much broader "complicated cocktail of budgeted dollars, actual spending, guarantees, loans, swaps and other market mechanisms by the Federal Reserve, the Treasury and other offices of government." Bloomberg's ...