Just a Itsy-Bitsy, Teeny-Weeny Little Loan!

General Real Estate Investing
1

http://www.freep.com/apps/pbcs.dll/article?AID=/20080403/BUSINESS07/80403058

The big wall street investment companies borrowed a little more than 38 billion A DAY last week. The Fed is planning for this lending program to last at least 6 months. Let’s 38 billion X 5 days a week X 4 weeks in a month X 6 months = 4.5 TRILLION dollars if my math is correct! That’s a lot of money!

Mike

2

Aren’t these paid back on a daily basis?

-Mike

3

Wonder if those are personally guaranteed? :biggrin

4

Sorry if I am a bit stupid but where does the 44 billion $ a day come from exactly?

Government funds? Printing money?

5

printing more of the fed’s Monopoly money called the “dollar”

too bad we all have to use it too.