I think it is absurd the GREAT GRAND "IMF" is pledging a 1.2 Trillion assistance package.
Back in Octorber of 2008 the US taxpayer was already into this catastrophe to the tune of 5 Trillion.
There are a reported unfunded liabilities of 56 Trillion or so that are not listed on "The Books", and the heroic International Monetary Fund
pledges 1.0 to 1.2 Trillion dollar assistance package?
These Sociopaths and Psychopath International Banksters should take their "OFFER" and shove it.
LINK to Original Article.
Total Bailout Cost Heads Towards $5 TRILLION
Numbers becoming meaningless as Paulson defends government intervention
[Bailout Type Cost To Taxpayers
Pelosi's latest economic-stimulus package $300 billion
Paulson's Bank Nationalization package $250billion
Bailout to the American car companies $25 billion
Nancy Pelosi's bailout of the state and local governments $150 billion
Financial "bailout" bill $700 billion+
Bear Stearns financing $29 billion
Fannie Mae and Freddie Mac nationalization $200 billion
AIG loan and nationalization $85 billion (+ extra request of $35 billion)
Federal Housing Administration housing rescue bill $300 billion
Mortgage community grants $4 billion
JPMorgan Chase repayments $87 billion
Loans to banks via Fed's Term Auction Facility $200 billion+
Loans from Depression-era Exchange Stabilization Fund $50 billion
Purchases of mortgage securities by Fannie/Freddie $144 billion
POSSIBLE TOTAL $2.56 trillion+
NUMBER OF HOUSEHOLDS PER U.S. CENSUS 105,480,101
POSSIBLE COST PER HOUSEHOLD $24,269