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$8.5 trillion rescue

Date post:29-Jan-2015
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  • 1. Welcome to The financial crisis The credit crisis The economic crisis The bailouts

2. What does it all mean?The economy - millions, billions, trillions 3. Is a picture really worth a thousand words? Jobs Lost Sept 403,000 Oct 320,000 Nov 533,000 Total 3 months 1,256,000 Total 2008 2,000,000 4. 5. Utopia ? 6. Back to reality Crisis Bailouts 7. 8. 9. Summary of the $8.5 trillion rescue The big picture $ in Billions U.S. Maximum commitment Tapped so far Federal Reserve $5,671 $2,219 FDIC $1,549 $149 Treasury $947 $577 Housing $300 $300 U.S.A. $8,467 $3,245 10. The $8.5 trillion Rescue Plan 11. Commitments per Agency Proportions (Pie-Chart) 12. Amounts tapped per Agency 13. Details, details

  • Now we examine the numbers for each agency
    • First the dollar figures
    • Followed by the graphics for each

14. Federal Reserve $ in Billions U.S. Maximum commitment Tapped so far Commercial paper program $1,800 $271 Term Auction Facility $900 $415 Other assets $606 $606 Finance-company debt purchases $600 $0 Money Market Investor Funding Facility $540 $0 Citigroup bailout $291 $291 Term securities lending $250 $190 Term Asset-Backed Loan Facility $200 $0 Other credit extensions $123 $87 Discount window $92 $92 Commercial paper program No. 2 $62 $62 Discount Window No. 2 $50 $50 Bear Stearns assets $29 $27 Overnight loans $10 $10 Secondary credit $118 $118 Federal Reservetotal $5,671 $2,219 15. Federal Reserve 16. Federal Deposit Insurance Corp. Loan guarantees $1,400 $0 Guarantee to GE Capital $139 $139 Citigroup bailout $10 $10 Federal Deposit insurance Corp.total $1,549 $149 17. FDIC(Fed Deposit Insurance Corp.) 18. Treasury Department Troubled Asset Relief Program $700 $330 Stimulus package $168 $168 Treasury Exchange Stabilization Fund $50 $50 Tax breaks for banks $29 $29 Treasury Departmenttotal $947 $577 19. Treasury Department 20. Federal Housing Authority Hope for Homeowners $300 $300 Federal Housing Authoritytotal $300 $300 21. Back to overall situation 22. Big numbers (billions) 23. Past & recent major expenditures 24. Small numbers (billions) 25. Foreign Treasury Security Holdings 26. Is it all doom and gloom? May be 27. US Nominal GDP (billions) 28. US Nominal GDP per capita (billions) 29. Should we be worried?

  • Things will get worse before it gets any better
  • We have been there before and came out of it
  • Have we learned out lessons?
  • Things are very different this time
    • Much, much higher numbers
    • We owe a whole lot more already
    • Several fronts of instability in the world
    • All the worlds nations are in this together
  • We need to help each other out of this crisis

30. Samuel S. Tan [email_address] Thank you Be contented Be tolerant Be humble Be healthy

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