You may recall (or like most of us, you may not) that the Term Asset-Backed Securities Loan Facility program was set as a response to the financial crisis to help hedge funds repackage their student, auto, and commercial property loans into more sale-able bonds.
The rub here is that many of the funds that dipped into TALF funds had actually made quite a bit of money riding the downturn, which makes one wonder why they needed bailing out at all. The combination of loose eligibility requirements an the prospect of making use of $70 billion in tax payer dollars to finance their investments was no doubt too tantalizing to pass up.
More disturbing, about half of that $70 million went, indirectly, to seven of the biggget banks: Citigroup, Bank of America, Wachovia, JP Morgan Chase, Morgan Stanley, Discovery and American Express. Perhaps it goes without saying that many of these entities were already significant beneficiaries of the more well know Troubled Asset Relief Program, TARP.
What you see in the data-viz above is a depiction of how the various alternative asset houses that benefitted from TARF funds link back to Bank of America, which was the second largest recipient of TARP funds - $45 billion worth.
Well worth a read of the full Sunlight Foundation piece, which includes a number of well wrought info-graphics that help cut through the acronyms and Wallspeak to show just how taxpayers money was spent.
Çayur’dan Süper fiyata erken ödeme
Çaykur tarfından nisan ayında 1,5 Tl primi olarak alınan yaklaşık 426 ton yaş çay bedeli ödemeleri yapıldı.
Çaykurdan yapılan açıklamada 12.172.00 TL.nin 21 Mayıs 2014 itibarıyla üreticilerin banka hesaplarına aktarıldığı ifade edildi.
Tarp Surfing - “Were so proud that after many years of video production we managed to get this little vid on the landing page of one of the largest creative networks on the planet as a staff pick right next to the Scissor Sisters new music vid. We received over 20,000 hits in 24 hours.”
Working on the sets and scenery for Tarf’s living space. The top images are the trial images for the hallway area, and the bottom images are the main living room. I was looking at coloring and items when I put most of this together. After taking these test images, I realized what I needed to add and what I didn’t like. Looking forward to editing everything and adding the rest of it this week! After the sets are done, its off to making the final stop motion! Story line and everything. Hurray!
Trine Folge 17 – Am Horizont ist ein schwarzer Turm Trine Folge 17 – Heute live aus den Harz-4-Minen in Trine. Was wird es hier geben? Was werden wir erleben? Nachdem wir die Lage gecheckt haben und überprüft haben was Sache ist, versuchen wir uns an der ersten Hürde. Ein sich drehendes Gehölz bringt uns schon immense Probleme. Doch danach gelangen wir in eine schönere Gegend. im Brightside Dorf…