"On December 1, the Fed was forced to release details of 21,000 funding transactions it made during the financial crisis...The Fed has thus far reported, without even disclosing specifics of its lending from its discount window, which it continues to draw a dark curtain around, that it supplied, in total, more than $9 trillion to Wall Street firms, commercial banks, foreign banks, corporations and some highly questionable off balance sheet entities.
The data starkly show a comatose Wall Street being resuscitated with whatever financial might the Federal Reserve could pump into its tangled web of funding vehicles. It also points to how the Fed was dispersing sums which dwarfed the U.S. Treasury’s $700 billion TARP (Troubled Asset Relief Program) bailout program while allowing the TARP to take the media heat for obscene funding of Wall Street."
Read the full story by Pam Martens: The Tax-Payers' Tab: a Cool $9 Trillion and Then Some
Hmmmm...maybe this is a more appropriate image?
Credits:
Photomontage and background image: mark swindle | design-ia
stack of money: http://www.worldofstock.com/closeups/BCO2576.php
his Trump-ness: http://suburbarazzi.lohudblogs.com/category/donald-trump/
moonrise: http://vjac.free.fr/skyshows/raysshadows/moonrises/2009jan10_moonrise/2009jan10_moonrise_2.jpg
leaning forward: http://utopianvision.co.uk/pictures/diya-mirza/2644/
If you stack one million one dollar bills on top of each other how tall would it be?: http://www.answerbag.com/q_view/964254
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