Monday, February 9, 2009

$9.7 Trillion

Bloomberg.com has a piece today by Mark Pittman & Bob Ivry on the lending programs and guarantees made by the federal government over the past couple years. Primarily from the Fed, FDIC and Treasury , about $3 Trillion has been lent to yet unnamed firms/banks with another $5.7 Trillion in guarantees. Just for perspective, the entire U.S. economy is about $14.3 Trillion . Bloomberg has filed a lawsuit in federal court demanding the disclosure of to whom; how much and when. Can't make this stuff up...