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We have all heard many things, both positive and negative, on the rescue plot 700 billion dollars, and now there are rumors of similar plans in the works. The debate dominated by the recent election, and remains a major concern in both Wall Street and Main Street. “Many people who have never been concerned with economic issues high levels are found in Scripture, or are required to write letters to their MPs and women in support or opposition to the plot.

But with the choice to fund this level and high potential impact on income taxes, it is vital for those of us who spend our days reading on the Treasury secretary to know what is the plot. Many people continue to wonder if an investment of 700 billion dollars to rescue the U.S. financial system, and therefore the U.S. economy is really a excellent thought.

A small perspective helps us see what is really involved in this plot. 700 billion U.S. dollars, of course, a lot of money. But only in 2008, the U.S. Treasury Department and Federal Reserve have already committed more than 900 billion dollars in ransoms. Because everything is happening at the same time, you probably would not heard of them, and do not realize the magnitude. It is reported that in the past three years, the rescues that are already on the books have spent a total of four billion dollars. But most of the bids received, or were not reported in conventional media or have already forgotten. In this spirit, 700 million dollars while fantastic, is not as rare as it may seem otherwise.

But even if time, rather than quantity, which makes this single financial rescue plot, what is all this money? The new $ 700 billion, in particular, is assumed to be distributed in the following amounts:

The Federal Reserve lends $ 85 billion to U.S. insurer AIG.

200 billion dollars will go to Fannie Mae and Freddie up to 100 million dollars each.

300 billion dollars U.S. is for the Federal Housing Administration (FHA) to refinance mortgages.

4000000000 $ for local communities to help them buy and repair foreclosed homes.

U.S. $ 87 billion will go to JPMorgan Chase & Co to help rescue Lehman Brothers.

U.S. $ 29 billion will go to JPMorgan Chase to buy Bear Stearns & Co. in March.

200 billion dollars will be lent to various banks issued by the Fund for the period of the auction by the Fed.

When we look at the details of where the money goes, it is more hard to be in favor or against the plot as a whole. Many people find that certain reasonable conditions and unfair to others. But watching a detailed summary of where the money goes can help us be sober when you reckon about whether or not the plot or plans, are a excellent thought. $ 700 on a piece of first may invite dread and skepticism, but when you see the details, it is more logical.

Personally, I would see such a list suggests that consolidates all the rescue plans, past, present and future, a solid plot. It will be simpler to manage the huge amount of money that must be engaged. And let’s be honest: these bailouts will happen anyway, if the Senate and House of Representatives approved the bill or not. The only difference is that going to happen behind the scenes and in smaller parts, or even notice.

For my part, I have more transparency, and a plot of consolidation is one way to do it. But, before committing the money, some key people responsible for their actions. To say that money can not be used for “golden parachutes” while necessary, is insufficient. Those who place our economy in the position need to be thrown a lifeline expensive for U.S. taxpayers should at least be fired and probably in jail. The worst possible outcome is that the money from this bailout could go to the same people who made this mess. Having a more transparent account where the money goes to help us all be sure that this is not the case.

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