And you think we will be ok !

So far this is the calculation. Please excuse some here and there billion ! if I have missed.

And add to that, $20 billion in Citi and to guarantee as much as $306 billion.

 

Term Auction Facility = 900 billion
Commercial Banks = 99.2 billion
Investment Banks = 56.7 billion
Loans to buy ABCp = 76.5 billion
AIG = 112.5 billion
Bear Sterns = 29.5 billion
Term Securities Lending Facility = 225 billion
Swap Lines = 613 billion
Money Market Investor Funding Facility = 540 billion
Commercial Paper Funding Facility = 257
Treasury Asset Relief Program = 700 billion
Automakers = 25 billion
Federal Housing Administration = 300 billion
Fannie Mae/Freddie Mac = 350 billion

Total $4,284,400,000,000

So, as per the popular notion, we are trying to fix the economy and improve confidence of people, pat the banking system at their back saying, well, dont worry we are there ( Uncle Sam does this on behalf of tax payers ! ) , unfreeze the credit market so on...

So with this, where are we going ? With all this enormous amount of money being lended to the banks, auto companies, insurance companies etc, what is the long term impact ? Even though, situations improve, how is the future look like ? How will we recover the money ? How much will we owe the anonymous creditors to the treasury ? What are the terms for getting this money ? and million other questions ! 

It may sound amateurish, but when and how the fed is going to recover the money and how the Fed is going to pay off the debt ? 

It may sound simple to a economist, but for me ; a main street middle class person, it sounds a black hole with no path back !!!

Please share your views !!

Thanks

BIswajit