A look at the "first" Economic stilumulus package and a look back on how it all happened.

1. A Look at The Federal Bailout(s) November 22, 2008 December 13, 2008

2. AKA: E mergency E conomic S tabilization A ct of 2008 AKA: TARP, or Troubled (“Toxic”) Asset Relief Program

3. AKA: E mergency E conomic S tabilization A ct of 2008 AKA: TARP, or Troubled (“Toxic”) Asset Relief Program And make room for: TALF, Term-Asset Backed Securities Loan Facility

6. The Current Economic Situation Unemployment Sept. Oct. Nov. Stock Market Friday Closes 1,523.57 741 6.32% +47.59 800.03 S&P 13,780.11 7,449 6.14% +494.13 8,046.42 Dow 52 wk Hi 52 wk Lo %B(W) B(W) close November 21, Florida Texas California National 6.4 5.1 7.7 6.1 6.6 5.6 8.2 6.5 7.0e 6.7 .70% 6.14 ?2 S&P .75% 64.59 ?1 Dow %B(W) B(W) close December 12 ,

7. The Current Economic Situation Unemployment Sept. Oct. Nov. Stock Market Friday Closes 1,523.57 741 6.32% +47.59 800.03 S&P 13,780.11 7,449 6.14% +494.13 8,046.42 Dow 52 wk Hi 52 wk Lo %B(W) B(W) close November 21, Florida Texas California National 6.4 5.1 7.7 6.1 6.6 5.6 8.2 6.5 7.0e 6.7 .70% 6.14 879.73 S&P .75% 64.59 8,629.68 Dow %B(W) B(W) close December 12 ,

9. Fun Stats Date Value ?6 1/14/00 Start of Clinton Bull Market ?5 8/12/82 Start of Reagan Bull Market ?4 12/6/74 Dow: All Time Low 14,164 ?3 Dow: All Time High

10. Fun Stats 11,723 1/14/00 Start of Clinton Bull Market 776 8/12/82 Start of Reagan Bull Market 577 12/6/74 Dow: All Time Low 14,164 10/9/07 Dow: All Time High

12. Precipitated by a ^ Sub Prime Meltdown Global Swiss, Saudi Arabia, Qatar, Israel . $2.5B write down with money raised from Qatar Sovereign Fund; Saudi Arabia; and Israel’s Koor Ind Credit Suisse 2/08 France E$7B write down of US subprime Societe General 1/08 UK $45B bailout of a $2.5T Asset institution HSBC 11/07 Swiss $4B write down of Subprime mortgages USB 9/07 UK $42B rescue by Bank of England Northern Rock (Lender) 9/07

13. The Scope of the Challenge US Purchased by BofA for $50B 5,200 jobs lost Merrill Lynch 9/08 Germany E$6B in write downs on a $2.6T in assets Deutsche Bk 7/08 US, Japan Announces “an issue” – Japan freezes Asian assets Eventually losing 13,900 jobs 10/08 Lehman Bros 6/08 Scotland L$12B “right issue” Royal Bank of Scotland 4/08 US After 85yrs, sold to JPMorgan/Chase for $2/sh – eventually $10/sh; JP Morgan later bought WAMU for $1.9B Bear Sterns 3/08

14. The Scope of the Challenge US $32B takeover by FDIC at the time was second largest bank failure in US history; eventual cost of $4B - $8B IndyMac 7/08

15. The Scope of the Challenge Reinvents itself away from investment banker; Goldman Sachs 9/08 Japan Nomura purchases in “exclusive talks” Lehman, Asia 9/08 Japan Mitsubishi, UFG takes 10% -20% stake for $9B with at least one representative on their board Morgan Stanley 9/08 After BK filing, Barclay’s UK pays $1.75B Lehman, N. America 9/08 UK UK’s largest mortgage lender taken over by Lloyds using L$11.5b in gov funding HBOS, PLC 9/08

16. The Scope of the Challenge ?? Dutch, Tawain Gives up $11B equity after spinning off Taiwan Life Ins grp ING 9/08 France, Belgium, Dutch, Luxemborg, French bank agrees to take over Fortis buying out Belgium’s interest BPN, Paribas 9/08 Iceland Iceland’s 3 rd largest bank nationalized; Glitner 9/08 US $12B bailout; sold initially to Citi Wachovia 9/08

18. US Seized and sold to JP Morgan after a $16.7B run on the bank; est $19B in bad debts; WAMU (At $307B in assets & $188B in Dep’s, biggest bank failure in US history) 9/08

23. Financial Market 130,000 Jobs Loss

25. “ We got a big problem” - George W. Bush, September, 2008

28. Who’s Doing Well? ? ? ? ?8._____ _______

29. Who’s Doing Well? Wal-Mart doing nicely realizing 50% of all retail gains; last yr only 10% of retail gains; Early economic indicator may be Starbucks

30. Drastic Solutions in Drastic Times

31. ?9. Can You Name This Man?

40. ? So What Do the Economists Think? ? ? ? ? ? ?

42. 4. But Do Something : There is widespread agreement that further erosion could have caused “massive systemic failure of global financial markets.”

43. What if your >>_____________________<< failed just when you needed them?

45. Consider a microcosm for a Second and let’s make it personal…

46. So a Bailout was probably necessary. Now what?

50. The Latest Senate Banking Committee Chairman, Chris Dodd says Congress may have to reconsider some parts of the financial plan it approved. Ford, Chrysler and GM seek $25B to “retool.” Question: Does trading the corp. jet for a PR road rally show they understand Main St sentiment? Question : Why has this become a political play when the election is safely behind us? ? ?

57. We should be careful what we ask for.

60. Some Presidential Numbers: 6.1% Inflation (CPI) N/A Unemployment rate 22.7% GDP growth $180 GDP (in billions) ECONOMY SNAPSHOT: 1943 4.2% Inflation (CPI) 3.6% Unemployment rate 9.3% GDP growth $910 GDP (in billions) ECONOMY SNAPSHOT: 1968 5.8% Inflation (CPI) 7.7% Unemployment rate 11.4% GDP growth $1.825 GDP (in trillions) ECONOMY SNAPSHOT: 1976 3.2% Inflation (CPI) 9.6% Unemployment rate 8.7% GDP growth $3.536 GDP (in trillions) ECONOMY SNAPSHOT: 1983 1.8% Inflation (CPI) 5.5% Unemployment rate 4.25% GDP growth $11.466 GDP (in trillions) ECONOMY SNAPSHOT: 2004*

65. Hope Never Hurts -Cornel Hunter