Monday, January 25, 2010

Getting hard to keep track

I've been paying moderately close attention to the politico-economic debacle during the last year, particularly with regards to the housing and GSE situation. But I'm loosing track of how much money has been thrown at the problems. Does the $1.25 Trillion cited below include TARP money, or is that the amount strictly used for buying CDO's? (That's "Troubled Asset Relief Program" and "Collateralized Debt Obligation" for the un-hip (or more likely, for the hip)). That's on top of the Trillion dollar stimulus (combining Bush and Obama's); does it also include the money that is allocated to support the GSE's (formerly limited to $500 billion, now unlimited)?

in reference to:

"The Fed has already kept interest rates at near zero for more than a year, and it is buying $1.25 trillion in mortgage-backed securities to refloat the housing bubble, among other interventions into fiscal policy and credit allocation."
- The Bernanke Nomination - (view on Google Sidewiki)