FED Gave Banks Access To 23.7 Trillion Dollars Not $700 Billion!

Posted by: marc in Finance And Economy

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TARP Bailout: FED Gave Banks Access To 23.7 Trillion Dollars Not $700 Billion!

 

 

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written by Free Market Fan, Veljača 04, 2010
02-04-2010:

In December, both houses agreed to increase the debt limit by an interim amount of 290 billion dollars to ensure the US government would continue to function.

The current limit on the public debt of the United States is 12.374 trillion dollars.
The US debt exceeded 12.349 trillion dollars on Monday, according to Treasury data.

The US House of Representatives will vote Thursday on whether to raise the US debt limit to a historic 14.3 trillion dollars, allowing the United States to borrow another 1.9 trillion dollars.

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