Yes. $7 billion
It comes from the US Treasury (i.e., it is the tax payers money)
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
a bank can help us draw money when ever we are in need...
Nobody would receive the bailout money directly/Freely. The US Federal Reserve plans at buying illiquid securities from the banks & other financial institutions that are in trouble now. They would be buying assets like MBS (Mortgage Backed Securities), CDO's (Collateralized Debt Obligations) etc The proportion in which each banks assets would be bought by this bailout plan would be decided by the plan coordinators. The proceeds of this asset buying by the reserve (Cash) would be used by these banks and financial institutions to meet their liquidity needs and to infuse further liquidity into the economy. The Fed Reserve would sell these assets at a later point of time once the economy stabilizes and repay the Treasury.
Bank help us in our daily life by following reason for the safety of money
It comes from the US Treasury (i.e., it is the tax payers money)
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
It comes from the US Treasury...
All government expenditures, including the bailout, come from the US Treasury. The US Treasury takes in tax money. If that is not enough to pay the bills (including the bailout), then the Treasury borrows additional money. Think of the Treasury as a big pile of cash. When you pay taxes, they throw your money in the pile. When they borrow money, that gets thrown in the pile, too. When they spend money, whatever is on top of the pile gets taken off and sent to whoever the money is owed to. The Treasury has not been taking in enough money to cover regular government expenses for the last eight years, let alone to cover the bailout. They borrow the rest. Politicians have not addressed the question of how they are going to pay back all the loans.
The US Senate. The bailout plan is intended to help the struggling financial institutions of the US and provide them with cash (in return for the illiquid assets they have which they cannot sell in the open market) which can be used to revive the fallen economy. At a later point of time the US Fed reserve may sell these assets back to these banks and recover a part or the full bailout money.
i do not think you can. you will have to go to the bank and do it.
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a bank can help us draw money when ever we are in need...
a bank can help us draw money when ever we are in need...
Nobody would receive the bailout money directly/Freely. The US Federal Reserve plans at buying illiquid securities from the banks & other financial institutions that are in trouble now. They would be buying assets like MBS (Mortgage Backed Securities), CDO's (Collateralized Debt Obligations) etc The proportion in which each banks assets would be bought by this bailout plan would be decided by the plan coordinators. The proceeds of this asset buying by the reserve (Cash) would be used by these banks and financial institutions to meet their liquidity needs and to infuse further liquidity into the economy. The Fed Reserve would sell these assets at a later point of time once the economy stabilizes and repay the Treasury.
Bank help us in our daily life by following reason for the safety of money
Bank help us in our daily life by following reason for the safety of money