Graph of the Day for October 29, 2009

"This is an urgent matter, and we need to move very quickly... we're talking about hundreds of billions of dollars -- remember, this is not an expenditure, this is money that is being used to purchase these assets, as you said, these illiquid mortgage assets, which are very difficult to value. They will be held, and then they will be resold at some time. And so we can't determine what the cost is today... And when the assets are sold, the money will come back into the treasury."

Treasury Secretary Henry Paulson, Sept. 21, 2008. 


Source:  General Accounting Office

Hoven's Index for October 29, 2009

Total TARP disbursements as of Sept. 11, 2009:  $363.7 billion.

Amount the Federal Reserve and Treasury made available to AIG (a single corporation) for restructuring: $182 billion.

Source:  General Accounting Office

2008 GDP of Venezuela:  $357 billion.
2008 GDP of the United Arab Emirates:  $184 billion.

Source:  CIA World Factbook. 

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