Thursday, October 16, 2008

about 20 percent of the national debt, which recently blew past $10 trillion

U.S. Could Guarantee $2 Trillion For Banks

The government may guarantee nearly $2 trillion in U.S. banks' debt and deposit accounts for more than three years in an effort to break the crippling logjam in bank-to-bank lending. That's the equivalent of about 20 percent of the national debt, which recently blew past $10 trillion, and roughly 14 percent of U.S. gross domestic product — the economy's total output of goods and services. The temporary guarantees for banks by the Federal Deposit Insurance Corp. are in addition to the new $250 billion plan announced by the government Tuesday to directly buy shares in U.S. banks. from comments THE RED SYMPHONY The key to understanding our world is the 1938 interrogation of Illuminati insider Christian Rakovsky (Chaim Rakover) by the Stalinist secret police

Posted by malct @ 06:44 PM (682 views)
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6 thoughts on “about 20 percent of the national debt, which recently blew past $10 trillion

  • Yup, that was a very illuminating i/v Malct.

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  • thanks layers

    innit quiet around here, 7/8 last posts have 0 comments

    they’re all watching tele I reckon

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  • malct – All shell shocked mate!!

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  • renting2 – yes I think so – psychologically speaking – utter disbelief that such things can happen – Lloyds tsb cap in hand to broon? – almost as bad as shrapnell in the @rse!

    anybody could be excused for thinking £37bn would last more than one day !

    but turning to mainstream media’s lies and spin is not the answer

    although I accept it is necessary to monitor the lies and spin

    note how today they have been piling on the china india recession twaddle

    it is SO SO script written, piece by piece little by little – all going in one direction

    years ago I would have been so nose to the grindstone, so wrapped up in keeping my head above water with my businesses I would have soaked up this [email protected] – but now I know different.

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  • “anybody could be excused for thinking £37bn would last more than one day !” – It ended up as a minor blip on the charts!

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  • I think they’ve all packed up and gone to Welsh Wales boyoh!

    If you try to put too many people on a mountain

    some of them fall off

    it can’t be that bad surely

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