Billions to Banks

You knew that the U.S. just gave AIG $160B dollars, but did you know that $90B of it went to the same banks who created the housing bubble? START HERE The same banks that are putting the U.S. further in debt are loaning money to the Treasury in order to pay themselves back. Here's how it works... These banks are Primary Dealers (investors) in the Federal Reserve. This means these banks make interest on the money that the Treasury borrows from them. FEDERAL RESERVE $700billion Due to this debt obligation from the Treasury ($700B) to the Fed, each taxpaying American will owe an additional $2,295 + compounded interest. .000.000.000 Federal Reserve issues $700B in debt to US Treasury for Bailouts (TARP) Banks Invest in Federal Reserve Here ya go! Goldman Sachs Lets trade! $120.00.00 billion $11 billion Societe Generale 900.000.000 investment $11 billion teD Deutsche Bank S00.000.000 "CATA Barclays Capital S8 billion S00.000.000 US TREASURY DEPARTMENT BILLIONS TO BANKS $6billion my MerrilI Lynch 800.000.000 Thanks Man $5 billion $5 billion $4billion E DOLL Bank of America BANKS Takes money to make money * UBS UBS Securities .000.000.000 BNP Parbas Securities 900.000.000 HSBC O HSBC Securities S3 billion 500.000.000 Should we? Whew! We can finally pay the banks.. $2 billion Calyon 300.000.000 25 ADDITIONAL INSTITUTIONS ... Yes, save us! It's safe. US Treasury Provides AIG with AIG makes Invest- $160B Bailout ment Banks "whole" $160 0.0 billion - pays 100 cents on the dollar. Banks Pay Themselves AIG billion 90.000000 The Federal Reserve issues $700B to the US Treasury. Congress voted to provide AIG with $160B from the $700B. AIG Paid $90B to the banks. WHY? In an unusual decision, these banks were paid 100 cents on the dollar for their investments. Usually they would be paid pennies on the dollar. The Fed Causes Housing Bubble The AIG "Bailout" The close relationships between banking executives, the Federal Reserve, the US Treasury, and members of congress - many of whom benefited from this taxpayer funded bailout - gives rise to concerns about the integrity of our financial system. Housing Bubble Burst = Mortgage Investments Go Bad The Federal Reserve lowered the cost of borrowing money to 1%, which made mortgages very available to consumers and a lucrative investment for banks. The bad mortgages that investment banks owned were insured by AIG, so when the investment banks wanted to make claims on these bad mortgages, they could not pay up. Due to bad lending practices, and deregulation of the banking industry in 1992, the housing bubble collapsed in August 2008. The lowering of AlIG's credit rating trigged the payouts to these financial institutions. Oddly enough, these credit agencies are influenced by the same banks that received money from AIG. You knew that the U.S. just gave AIG $160B dollars, but did you know that $90B of it went to the same banks who created the housing bubble? START HERE The same banks that are putting the U.S. further in debt are loaning money to the Treasury in order to pay themselves back. Here's how it works... These banks are Primary Dealers (investors) in the Federal Reserve. This means these banks make interest on the money that the Treasury borrows from them. FEDERAL RESERVE $700billion Due to this debt obligation from the Treasury ($700B) to the Fed, each taxpaying American will owe an additional $2,295 + compounded interest. .000.000.000 Federal Reserve issues $700B in debt to US Treasury for Bailouts (TARP) Banks Invest in Federal Reserve Here ya go! Goldman Sachs Lets trade! $120.00.00 billion $11 billion Societe Generale 900.000.000 investment $11 billion teD Deutsche Bank S00.000.000 "CATA Barclays Capital S8 billion S00.000.000 US TREASURY DEPARTMENT BILLIONS TO BANKS $6billion my MerrilI Lynch 800.000.000 Thanks Man $5 billion $5 billion $4billion E DOLL Bank of America BANKS Takes money to make money * UBS UBS Securities .000.000.000 BNP Parbas Securities 900.000.000 HSBC O HSBC Securities S3 billion 500.000.000 Should we? Whew! We can finally pay the banks.. $2 billion Calyon 300.000.000 25 ADDITIONAL INSTITUTIONS ... Yes, save us! It's safe. US Treasury Provides AIG with AIG makes Invest- $160B Bailout ment Banks "whole" $160 0.0 billion - pays 100 cents on the dollar. Banks Pay Themselves AIG billion 90.000000 The Federal Reserve issues $700B to the US Treasury. Congress voted to provide AIG with $160B from the $700B. AIG Paid $90B to the banks. WHY? In an unusual decision, these banks were paid 100 cents on the dollar for their investments. Usually they would be paid pennies on the dollar. The Fed Causes Housing Bubble The AIG "Bailout" The close relationships between banking executives, the Federal Reserve, the US Treasury, and members of congress - many of whom benefited from this taxpayer funded bailout - gives rise to concerns about the integrity of our financial system. Housing Bubble Burst = Mortgage Investments Go Bad The Federal Reserve lowered the cost of borrowing money to 1%, which made mortgages very available to consumers and a lucrative investment for banks. The bad mortgages that investment banks owned were insured by AIG, so when the investment banks wanted to make claims on these bad mortgages, they could not pay up. Due to bad lending practices, and deregulation of the banking industry in 1992, the housing bubble collapsed in August 2008. The lowering of AlIG's credit rating trigged the payouts to these financial institutions. Oddly enough, these credit agencies are influenced by the same banks that received money from AIG. You knew that the U.S. just gave AIG $160B dollars, but did you know that $90B of it went to the same banks who created the housing bubble? START HERE The same banks that are putting the U.S. further in debt are loaning money to the Treasury in order to pay themselves back. Here's how it works... These banks are Primary Dealers (investors) in the Federal Reserve. This means these banks make interest on the money that the Treasury borrows from them. FEDERAL RESERVE $700billion Due to this debt obligation from the Treasury ($700B) to the Fed, each taxpaying American will owe an additional $2,295 + compounded interest. .000.000.000 Federal Reserve issues $700B in debt to US Treasury for Bailouts (TARP) Banks Invest in Federal Reserve Here ya go! Goldman Sachs Lets trade! $120.00.00 billion $11 billion Societe Generale 900.000.000 investment $11 billion teD Deutsche Bank S00.000.000 "CATA Barclays Capital S8 billion S00.000.000 US TREASURY DEPARTMENT BILLIONS TO BANKS $6billion my MerrilI Lynch 800.000.000 Thanks Man $5 billion $5 billion $4billion E DOLL Bank of America BANKS Takes money to make money * UBS UBS Securities .000.000.000 BNP Parbas Securities 900.000.000 HSBC O HSBC Securities S3 billion 500.000.000 Should we? Whew! We can finally pay the banks.. $2 billion Calyon 300.000.000 25 ADDITIONAL INSTITUTIONS ... Yes, save us! It's safe. US Treasury Provides AIG with AIG makes Invest- $160B Bailout ment Banks "whole" $160 0.0 billion - pays 100 cents on the dollar. Banks Pay Themselves AIG billion 90.000000 The Federal Reserve issues $700B to the US Treasury. Congress voted to provide AIG with $160B from the $700B. AIG Paid $90B to the banks. WHY? In an unusual decision, these banks were paid 100 cents on the dollar for their investments. Usually they would be paid pennies on the dollar. The Fed Causes Housing Bubble The AIG "Bailout" The close relationships between banking executives, the Federal Reserve, the US Treasury, and members of congress - many of whom benefited from this taxpayer funded bailout - gives rise to concerns about the integrity of our financial system. Housing Bubble Burst = Mortgage Investments Go Bad The Federal Reserve lowered the cost of borrowing money to 1%, which made mortgages very available to consumers and a lucrative investment for banks. The bad mortgages that investment banks owned were insured by AIG, so when the investment banks wanted to make claims on these bad mortgages, they could not pay up. Due to bad lending practices, and deregulation of the banking industry in 1992, the housing bubble collapsed in August 2008. The lowering of AlIG's credit rating trigged the payouts to these financial institutions. Oddly enough, these credit agencies are influenced by the same banks that received money from AIG. You knew that the U.S. just gave AIG $160B dollars, but did you know that $90B of it went to the same banks who created the housing bubble? START HERE The same banks that are putting the U.S. further in debt are loaning money to the Treasury in order to pay themselves back. Here's how it works... These banks are Primary Dealers (investors) in the Federal Reserve. This means these banks make interest on the money that the Treasury borrows from them. FEDERAL RESERVE $700billion Due to this debt obligation from the Treasury ($700B) to the Fed, each taxpaying American will owe an additional $2,295 + compounded interest. .000.000.000 Federal Reserve issues $700B in debt to US Treasury for Bailouts (TARP) Banks Invest in Federal Reserve Here ya go! Goldman Sachs Lets trade! $120.00.00 billion $11 billion Societe Generale 900.000.000 investment $11 billion teD Deutsche Bank S00.000.000 "CATA Barclays Capital S8 billion S00.000.000 US TREASURY DEPARTMENT BILLIONS TO BANKS $6billion my MerrilI Lynch 800.000.000 Thanks Man $5 billion $5 billion $4billion E DOLL Bank of America BANKS Takes money to make money * UBS UBS Securities .000.000.000 BNP Parbas Securities 900.000.000 HSBC O HSBC Securities S3 billion 500.000.000 Should we? Whew! We can finally pay the banks.. $2 billion Calyon 300.000.000 25 ADDITIONAL INSTITUTIONS ... Yes, save us! It's safe. US Treasury Provides AIG with AIG makes Invest- $160B Bailout ment Banks "whole" $160 0.0 billion - pays 100 cents on the dollar. Banks Pay Themselves AIG billion 90.000000 The Federal Reserve issues $700B to the US Treasury. Congress voted to provide AIG with $160B from the $700B. AIG Paid $90B to the banks. WHY? In an unusual decision, these banks were paid 100 cents on the dollar for their investments. Usually they would be paid pennies on the dollar. The Fed Causes Housing Bubble The AIG "Bailout" The close relationships between banking executives, the Federal Reserve, the US Treasury, and members of congress - many of whom benefited from this taxpayer funded bailout - gives rise to concerns about the integrity of our financial system. Housing Bubble Burst = Mortgage Investments Go Bad The Federal Reserve lowered the cost of borrowing money to 1%, which made mortgages very available to consumers and a lucrative investment for banks. The bad mortgages that investment banks owned were insured by AIG, so when the investment banks wanted to make claims on these bad mortgages, they could not pay up. Due to bad lending practices, and deregulation of the banking industry in 1992, the housing bubble collapsed in August 2008. The lowering of AlIG's credit rating trigged the payouts to these financial institutions. Oddly enough, these credit agencies are influenced by the same banks that received money from AIG. You knew that the U.S. just gave AIG $160B dollars, but did you know that $90B of it went to the same banks who created the housing bubble? START HERE The same banks that are putting the U.S. further in debt are loaning money to the Treasury in order to pay themselves back. Here's how it works... These banks are Primary Dealers (investors) in the Federal Reserve. This means these banks make interest on the money that the Treasury borrows from them. FEDERAL RESERVE $700billion Due to this debt obligation from the Treasury ($700B) to the Fed, each taxpaying American will owe an additional $2,295 + compounded interest. .000.000.000 Federal Reserve issues $700B in debt to US Treasury for Bailouts (TARP) Banks Invest in Federal Reserve Here ya go! Goldman Sachs Lets trade! $120.00.00 billion $11 billion Societe Generale 900.000.000 investment $11 billion teD Deutsche Bank S00.000.000 "CATA Barclays Capital S8 billion S00.000.000 US TREASURY DEPARTMENT BILLIONS TO BANKS $6billion my MerrilI Lynch 800.000.000 Thanks Man $5 billion $5 billion $4billion E DOLL Bank of America BANKS Takes money to make money * UBS UBS Securities .000.000.000 BNP Parbas Securities 900.000.000 HSBC O HSBC Securities S3 billion 500.000.000 Should we? Whew! We can finally pay the banks.. $2 billion Calyon 300.000.000 25 ADDITIONAL INSTITUTIONS ... Yes, save us! It's safe. US Treasury Provides AIG with AIG makes Invest- $160B Bailout ment Banks "whole" $160 0.0 billion - pays 100 cents on the dollar. Banks Pay Themselves AIG billion 90.000000 The Federal Reserve issues $700B to the US Treasury. Congress voted to provide AIG with $160B from the $700B. AIG Paid $90B to the banks. WHY? In an unusual decision, these banks were paid 100 cents on the dollar for their investments. Usually they would be paid pennies on the dollar. The Fed Causes Housing Bubble The AIG "Bailout" The close relationships between banking executives, the Federal Reserve, the US Treasury, and members of congress - many of whom benefited from this taxpayer funded bailout - gives rise to concerns about the integrity of our financial system. Housing Bubble Burst = Mortgage Investments Go Bad The Federal Reserve lowered the cost of borrowing money to 1%, which made mortgages very available to consumers and a lucrative investment for banks. The bad mortgages that investment banks owned were insured by AIG, so when the investment banks wanted to make claims on these bad mortgages, they could not pay up. Due to bad lending practices, and deregulation of the banking industry in 1992, the housing bubble collapsed in August 2008. The lowering of AlIG's credit rating trigged the payouts to these financial institutions. Oddly enough, these credit agencies are influenced by the same banks that received money from AIG. You knew that the U.S. just gave AIG $160B dollars, but did you know that $90B of it went to the same banks who created the housing bubble? START HERE The same banks that are putting the U.S. further in debt are loaning money to the Treasury in order to pay themselves back. Here's how it works... These banks are Primary Dealers (investors) in the Federal Reserve. This means these banks make interest on the money that the Treasury borrows from them. FEDERAL RESERVE $700billion Due to this debt obligation from the Treasury ($700B) to the Fed, each taxpaying American will owe an additional $2,295 + compounded interest. .000.000.000 Federal Reserve issues $700B in debt to US Treasury for Bailouts (TARP) Banks Invest in Federal Reserve Here ya go! Goldman Sachs Lets trade! $120.00.00 billion $11 billion Societe Generale 900.000.000 investment $11 billion teD Deutsche Bank S00.000.000 "CATA Barclays Capital S8 billion S00.000.000 US TREASURY DEPARTMENT BILLIONS TO BANKS $6billion my MerrilI Lynch 800.000.000 Thanks Man $5 billion $5 billion $4billion E DOLL Bank of America BANKS Takes money to make money * UBS UBS Securities .000.000.000 BNP Parbas Securities 900.000.000 HSBC O HSBC Securities S3 billion 500.000.000 Should we? Whew! We can finally pay the banks.. $2 billion Calyon 300.000.000 25 ADDITIONAL INSTITUTIONS ... Yes, save us! It's safe. US Treasury Provides AIG with AIG makes Invest- $160B Bailout ment Banks "whole" $160 0.0 billion - pays 100 cents on the dollar. Banks Pay Themselves AIG billion 90.000000 The Federal Reserve issues $700B to the US Treasury. Congress voted to provide AIG with $160B from the $700B. AIG Paid $90B to the banks. WHY? In an unusual decision, these banks were paid 100 cents on the dollar for their investments. Usually they would be paid pennies on the dollar. The Fed Causes Housing Bubble The AIG "Bailout" The close relationships between banking executives, the Federal Reserve, the US Treasury, and members of congress - many of whom benefited from this taxpayer funded bailout - gives rise to concerns about the integrity of our financial system. Housing Bubble Burst = Mortgage Investments Go Bad The Federal Reserve lowered the cost of borrowing money to 1%, which made mortgages very available to consumers and a lucrative investment for banks. The bad mortgages that investment banks owned were insured by AIG, so when the investment banks wanted to make claims on these bad mortgages, they could not pay up. Due to bad lending practices, and deregulation of the banking industry in 1992, the housing bubble collapsed in August 2008. The lowering of AlIG's credit rating trigged the payouts to these financial institutions. Oddly enough, these credit agencies are influenced by the same banks that received money from AIG.