{"id":7464,"date":"2009-04-01T07:34:04","date_gmt":"2009-04-01T12:34:04","guid":{"rendered":"http:\/\/karmalised.com\/?p=7464"},"modified":"2009-04-01T07:34:27","modified_gmt":"2009-04-01T12:34:27","slug":"a-pledge-of-allegiance-to-the-financial-product-industry-of-america","status":"publish","type":"post","link":"http:\/\/karmalised.com\/?p=7464","title":{"rendered":"Pledges of Allegiance to the Financial Product Industry of America"},"content":{"rendered":"<p><strong>Financial Rescue Nears GDP as Pledges Top $12.8 Trillion<br \/>\n<a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=armOzfkwtCA4&#038;refer=home\">By Mark Pittman and Bob Ivry<br \/>\n<\/a><br \/>\nMarch 31 (Bloomberg)<\/strong> &#8212; The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.<\/p>\n<p>New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation\u2019s gross domestic product was $14.2 trillion in 2008. <\/p>\n<p><strong>[<a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=armOzfkwtCA4&#038;refer=home\">Read the report<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Rescue Nears GDP as Pledges Top $12.8 Trillion By Mark Pittman and Bob Ivry March 31 (Bloomberg) &#8212; The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of &hellip; <a href=\"http:\/\/karmalised.com\/?p=7464\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-7464","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pdXTf-1Wo","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/7464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7464"}],"version-history":[{"count":11,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/7464\/revisions"}],"predecessor-version":[{"id":7584,"href":"http:\/\/karmalised.com\/index.php?rest_route=\/wp\/v2\/posts\/7464\/revisions\/7584"}],"wp:attachment":[{"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7464"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/karmalised.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}