As the Great Recession continues around the world, Ed Balls, Secretary of State for Children, Schools and Families of the United Kingdom, said that “I think that this is a financial crisis more extreme and more serious than that of the 1930s and we all remember how the politics of that era were shaped by the economy.”

       [added 9/28/2021]

      While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Timothy F. “Turbo Tax” Geithner, secretary of the treasury secretary, proposes to use the remaining 300,000,000,000 “dollars” in Troubled (worth less) Asset Relief funds to subsidize the purchase of “toxic (worth less) assets” from the nation’s commercial banks.  But provides very few details as to how he hopes to accomplish this.

       [added 9/28/2021]

Subsequent Events:

2/16/2009                   2/17/2009                     2/19/2009                    2/20/2009                   3/2/2009

3/16/2009                   3/23/2009                    4/19/2009                     10/12/2009

References:

Toxic (worth less) asset Plan Foresees Big Subsidies for Investors
www.nytimes.com/2009/03/21/business/21bank.html/?pagewanted=2&_r=2&WRH

Late-2000s recession – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Late-2000s_recession

 

 

 

 



Current U.s. National Debt:

$36,167,124,467,492

Source