5 trillion in student debt
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oldngray
nowhere special
tom cotton is an extremist didnt he call for americans to be bombed a few years ago?
debt is to capitalism what hell is to christianity.
He's pointing out the obvious. Someone has to pay the bill. If not the people who got the loans then the taxpayers will. And we're already in serious debt.
cool then im sure hes against giving money to israel and wars with russia and china? he must be leading the charge to cut spending on war every year and calling for taxes on the rich right?
bottomups
Bad Moon Risen'
How many PPP loans were paid back?
The Size of the Bank Bailout: $29 Trillion
So this guy from Morgan Stanley walks into a bar.
www.cnbc.com
did the banks pay it back?
The Size of the Bank Bailout: $29 Trillion
So this guy from Morgan Stanley walks into a bar.
did the banks pay it back?
Yes.
From your article:
"Recently, a pair of PhD students at the University of Missouri-Kansas City tried to assess the total size of the Fed’s commitments—not just loans made, but asset purchases as well. The bottom line: a Federal Reserve bailout commitment in excess of $29 trillion.
That figure has, in turn, been criticized by economist James Hamilton who argued, incredibly, that the Fed’s bailout commitment under one facility was zero because all the money was paid back."
“Felkerson [one of the UM-KC students] takes the gross new lending under the Term Auction Facility each week from 2007 to 2010 and adds these numbers together to arrive at a cumulative total that comes to $3.8 trillion. To make the number sound big, of course you want to count only the money going out and pay no attention to the rate at which it is coming back in. If instead you were to take the net new lending under the TAF each week over this period-- that is, subtract each week's loan repayment from that week's new loan issue-- and add those net loan amounts together across all weeks, you would arrive at a cumulative total that equals exactly zero. The number is zero because every loan was repaid, and there are no loans currently outstanding under this program. But zero isn't quite as fun a number with which to try to rouse the rabble.”
theres another documentary named the best one illustrating the fraud in 2008 crisis and i think it came to around the same number but i could be wrong
im glad youre back!!!
Babagounj
Strength through joy
WOW, I could get double my bonus points that way.
‘The only thing useful banks have invented in 20 years is the ATM’
“You are not going to be very happy with my response,” PAUL VOLCKER began, when he was asked to address ideas for reforming financial services at last week’s Wall Street Journal Future of Finance I…
nypost.com
The Size of the Bank Bailout: $29 Trillion
So this guy from Morgan Stanley walks into a bar.
did the banks pay it back?
Perhaps that documentary is also misleading.
ask yanis varoufakis
A former finance minister of Greece is probably the last guy on Earth that I'd want to talk to about this stuff. I'm sure he comes highly recommended by your information sources that would like to see the west burn.
you got it wrong, it was the bankers who wanted to see the west burn which includes him.
ask michael hudson.
Yes, it's western bankers who want to see the west burn. Not the comrades.
yes who do you think the people have been protesting against? a small minority of bankers who want to see the majority burn. and burn they have!
I don't know. But we ran up debt giving them.
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