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Read and Weep!

Discussion in 'Financial Cents' started by Clyde, Mar 13, 2008.

  1. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

  2. Bear

    Bear Monkey+++ Founding Member Iron Monkey

    The Fed has thrown out $200 Billion to help the banks with cash... then they threw out another $200 Billion to help the banks with their withering assets.... That's $400 Billion in a couple weeks....
    Let's put that into some perspective...
    Pretty alarming ... at least to me... [boozingbuddies]
    United States federal budget, 2008

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    <!-- start content -->The United States federal budget for fiscal year 2008 was a United States federal budget - Wikipedia, the free encyclopedia@@AMEPARAM@@/wiki/File:Map_of_USA_with_state_names.svg" class="image" title="U.S. Budget &amp; Debt Topics"><img alt="U.S. Budget &amp; Debt Topics" src="http://upload.wikimedia.org/wikipedia/commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png"@@AMEPARAM@@commons/thumb/a/a5/Map_of_USA_with_state_names.svg/200px-Map_of_USA_with_state_names.svg.png by President George W. Bush to fund government operations for October 2007-September 2008. Figures shown in this article do not reflect the actual appropriations by Congress for Fiscal Year 2008.
    <TABLE class=toc id=toc summary=Contents><TBODY><TR><TD>Contents

    </TD></TR></TBODY></TABLE><SCRIPT type=text/javascript>//<![CDATA[ if (window.showTocToggle) { var tocShowText = "show"; var tocHideText = "hide"; showTocToggle(); } //]]></SCRIPT>
    [edit] Total receipts

    Estimated receipts for fiscal year 2008 were $2.66 trillion.
    [edit] Total spending

    The President's budget for 2008 totals $2.9 trillion. Percentages in parentheses indicate percentage change compared to 2007. This budget request is broken down by the following expenditures:
    The Iraq war and the Afghanistan war are not part of the defense budget; they are appropriations."
  3. slots

    slots Monkey+++

    I'm not saying I understand derivatives, but he speaks enough sense to make me scared.

    The quote is from half way down the page...


    If you want a basic understanding of the financial terms - this site gives an easy laymans definition/expalnation of the various funds involved.

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