That means the amount of money you need to pay to get bailed out.

The US Government now owns 80% of AIG.

No.

http://www.dailyrecord.us/Story.aspx?id=1110&date=5%2F11%2F2009

http://money.cnn.com/2009/09/11/markets/thebuzz/index.htm

This is from the website from above:

I've dug up, with the help of research available on TARP tracker Bailoutsleuth.com, at least 54 publicly traded banks that explicitly refused to take part in TARP. And it's worth pointing out that several of them are decent-sized.

Hudson City Bancorp (HCBK) and People's United Financial (PBCT) are both in the S&P 500. Commerce Bancshares (CBSH), BOK Financial (BOKF) and NY Community Bancorp (NYB) are among the 50 largest banks in the country as ranked by assets, according to figures from the Federal Reserve.

The bill that enacted the stimulus package is called the American Recovery and Reinvestment Act. The final package after going through scrutiny through the House and Senate committees is 787 Billion dollars. Tax Relief for Individuals: 237 B Tax Incentives for Businesses: 51 B Tax Relief includes: $15 B for Infrastructure and Science $61 B for Protecting the Vulnerable $25 B for Education and Training $22 B for Energy As well as direct federal transfers that include $53 B Education and Training $81 B Protecting the Vulnerable (such as Food aid, education subsidies, health care subsidies) $144 B to State and Local Fiscal Relief (Prevents state and local cuts to health and education programs and state and local tax increases.) $111 B Infrastructure and Science $59 B Health Care $43 B Energy $8 B Other

Lots of people, really. Over-borrowing is probably the major cause on both a personal level and a governmental level. For example, during the Bush presidency the US went into two lengthy and expensive wars while significantly cutting taxes for the wealthy, which further fueled wealth inequality and decreased income mobility for the lower classes, while significantly exacerbating the national debt because of decreased revenue. These factors indirectly decreased equal opportunity and substantially lowered improvements in infrastructure (funding for infrastructure increases employment).

The mortgage part of the crisis had other causes as well, especially lack of integrity through the entire transaction flow, not just any particular step. The flow started with mortgage company execs who allowed or encouraged their people to be rewarded for volume of mortgages regardless of the quality. Next were the actions of the sales people and their interactions with unqualified borrowers. Then the mortgage companies packaged and sold the mortgages, which the Wall Street people turned into CDO's. Then the ratings agencies blessed the CDO's with AAA ratings. AIG insured them, without legally calling it "insurance" in order to get outside regulatory authority. Meanwhile, the SEC was asleep.

It is hard to spot any integrity in the whole process.

I wish it worked that way!

But, if the Government really did not have that money, then it would be like giving everyone tissues.

The money would be worthless, because all they were was printed up, no value behind them.

11.5152

one euro = 1.2276 USD

24 billion for the big three

The Emergency Economic Stabilization Act of 2008 commonly referred to as a bailout of the U.S. financial system, is a law authorizing the United States Secretary of the Treasury to spend up to US$700 billion to purchase distressed assets, especially mortgage-backed securities, from the nation's banks. The Act was proposed by U.S. President George W. Bush and Treasury Secretary Henry Paulson during the global financial crisis of September-October 2008.

When wanting to know Whig is not a major step to take the information on what answer choices are given needs to w provided.

Some important facts of $8,000 tax credit for first time home buyers are: # It is a true tax credit to home buyers, not a loan as initially devised. # It is only for "first time" home buyers who haven't owned real estate in the last 3 years. # It is capped at 10% of the purchase price. # The buyer must remain in the home for the minimum of 3 years. # It is applicable for first time buyers that buy or have bought between 1/1/2009 and 12/1/2009. # Full credit is available to those making $75,000 or less or $150,000 for joint filers.

Yes. There is no doubt that the increased government participation in private businesses has led to more socialistic policies. Whether this road is better or worse for the country is debatable, but there is no debating the fact we have become more socialist.

3000

It comes from the US Treasury (i.e., it is the tax payers money)

what is tax used for

850000000000 / 320000000 = 2,656.25