the actual, physical ache you feel in your chest and in your bones when you’re so sad is fucking awful.
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
The size of the bailout came to light after Bloomberg LP, the parent of Bloomberg News, won a court case against the Fed and a group of the biggest U.S. banks called Clearing House Association LLC to force lending details into the open.
The amount of money the central bank parceled out was surprising even to Gary H. Stern, president of the Federal Reserve Bank of Minneapolis from 1985 to 2009, who says he “wasn’t aware of the magnitude.” It dwarfed the Treasury Department’s better-known $700 billion Troubled Asset Relief Program, or TARP. Add up guarantees and lending limits, and the Fed had committed $7.77 trillion as of March 2009 to rescuing the financial system, more than half the value of everything produced in the U.S. that year.
How Could The Bailout Money Helped Average Americans?
The poverty level for 2013 was set at $23,550 (total yearly income) for a family of four, $11,490 for a single person.
If you split the $7.7 Trillion and equally distribute it to the 313.9 million citizens, every single American would have received $24,530.11, enough to eradicated poverty.
“When you see the dollars the banks got, it’s hard to make the case these were successful institutions,” says Sherrod Brown, a Democratic Senator from Ohio who in 2010 introduced an unsuccessful bill to limit bank size. “This is an issue that can unite the Tea Party and Occupy Wall Street. There are lawmakers in both parties who would change their votes now.”
no you guys dont understand RAPUNZEL IS GERMAN FOR A CERTAIN TYPE OF LETTUCE
I WOULD BE SAD IF PEOPLE DIDN’T KNOW THAT IT WAS A TYPE OF LETTUCE BECAUSE THE STORY OF RAPUNZEL SHE IS LITERALLY NAMED AFTER LETTUCE.
no her name means never give up
NONONONOOOO!!!!!!!! IN THE ORIGINAL STORY RAPUNZEL’S MOM GETS CRAVINGS!!! WHEN SHE LOOKS OUT THE WINDOW, SHE SEES SOME RAPUNZEL, AND IS LIKE “iF I DONT HAVE SO OF THAT SHIT RIGHT NOW, I WILL CHOKE SOMEONE!” WELL, OF COURSE THE FUCKING GARDEN BELONGS TO A WITCH, BECAUSE NOTHING GOOD EVER HAPPENS AT THE BEGINNING OF A FAIRYTALE! sO, HER HUBBY SNEAKS OVER, AND GETS HER SOME.THEN, HE GETS CAUGHT, AND IN PUNISHMENT, HE HAS TO GIVE UP HIS BABY WHEN SHE’S BORN. sO THE WITCH LOCKS HER IN A TOWER, AND NAMES HER RAPUNZEL AFTER THE FUCKING LETTUCE. I DON’T KNOW WHERE YOU GET THE IDEA THAT HER NAME MEANS NEVER GIVE UP, BUT IT’S WRONG . FUCKITY BYE!
IT MEANS NE\/ER GI\/E UP.
Well her mother never did give up on that fucking lettuce did she
In my language, “Rapunzel” means “I Love You” and I just think that’s really beautiful.
I felt like crying but nothing came out. it was just a sort of sad sickness, sick sad, when you can’t feel any worse. I think you know it. I think everybody knows it now and then. but I think I have known it pretty often, too often.
Life kinda blows right now, yeah? Yeah. But it won’t for long. Because I’m tired of putting myself in bad situations. I’m tired of my complacency and anxiety affecting other people. But most of all, I’m tired of not being happy with my life. I am creating plans to be more organized, successful and happy; and it starts now.