The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.
The unprecedented pledge of funds includes $2.8 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the only plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis.
TVNL Comment: First of all the "Fed" is not government. What they are doing is stealing the money of the next ten generations! The only way to stop this is to end the Fed.
Maliki is among tens of thousands of Iraqis for whom justice is a delusory buzz-word of a departing occupation. As the US prepares to withdraw its combat troops from most towns and villages by the middle of next year, the rule of law remains unenforceable throughout all layers of the nascent state it will leave behind.
Physical inactivity or lack of exercise may dramatically increase risk of breast cancer, according to a new report published in the Dec 2008 issue of Cancer Causes and Control.
Earlier this month, a guest took the pulpit at Open Bible Fellowship in Morrison, Ill., a 350-member church surrounded by cornfields. The speaker was an insurance salesman from Colorado named Ted Haggard.
Sergeant Renteria has not received any counseling, and the military justice system has said it will not prosecute him. The couple divorced last month.
