$25 billion in perspective

Peggy Risley of Blanchard Gold sent an e-mail around, detailing steps the government has taken so far in this financial crisis. I haven’t done my usual fact checking on this but it seems right. Here’s the list (edited somewhat):
Wall Street

$1.6 trillion in loans to banks so far in exchange for otherwise unwanted collateral. The Fed [...]

Another quick explanation for November 4

Much has been written about how the Chrysler-GM-GMAC-Cerberus deal (in reverse order of profitability) is slated to occur by November 4. Not much has been written about the reasons, though I proposed the only sensible (to me) explanation a few days ago – that any news coming out on November 4 would be largely ignored. [...]