Saturday, July 10, 2010

$4 Trillion Extra on Fed's Balance Sheet

Fed to GSEs – Put it on the Balance Sheet! | zero hedge

Let's do some simple math.

$4 tril. divided by the number of households in the U.S., let's say 100 mil.
Well, that's $40,000

Which would have been better for the economy, giving every family in the U.S. $40k, or bailing out AIG, GM, Fannie Mae, Freddie Mac, Goldman Sachs and Citigroup?

Was the bailout for us? Was it for the stability of the financial system? Of course not. The system is still not stable. Would it have been if we all got $40,000? You're damn right it would.

Do you really need more proof that politicians are corrupt and their power needs to be cut back dramatically?

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