Monday, October 20, 2008

Nationalize this! Nationalize that!

Current members include AIG, Freddie Mac, Fannie Mae, AIG, Citigroup, JP Morgan Chase, Wells Fargo, Bank of America, Merrill Lynch, Goldman Sachs, Morgan Stanley, Bank of New York and State Street Bank.  I have a couple of question.  Where is all of the money coming from?  The major foreign owners of U.S. Treasury Securities are 

#1 Japan.......................................$593.4 billion 22.17%
#2 Mainland China............................$518.7 billion 19.38%
#3 United Kingdom............................$290.8 billion 10.87%
#4 Oil exporters...............................$173.9 billion 6.50%
#5 Brazil........................................$148.4 billion 5.54% 
#6 Caribbean banking centers................$133.5 billion 4.99%

There are many other countries that own U.S. Treasury Securities.  The total of all of the foreign owners of U.S. Treasury’s is $2676.4 billion as of July 2008.  At that time the national debt was $10,024.7 billion.  In 2008 $4.216 trillion were Intragovernmental Holdings.  There was also $5.809 trillion which was debt held by the public.

Where is the bailout money coming from?  It looks like we have spent $1 trillion in the last few months.   

1 comment:

Andy said...

Interesting figures. American owned is becoming an extinct concept. It is American "owed"