Ha!
Two Trillion in Obama's first 100 Dayze
I’m not sure why the the $350 billion or $700 billion is always floated out there. It is ALREADY MUCH WORSE than that - they have already loaned out $2 TRILLION in other loans to unknown recipients (caps are mine):
“Nov. 10. The Federal Reserve is refusing to identify the recipients of almost $2 TRILLION of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends FAR MORE THAN THAT in separate rescue programs that didn’t require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.”