I believe not. As shown by this paragraph and source below.
http://www.bloomberg.com/apps/news?p...d=aGq2B3XeGKok
Plus, most of the so called "insurance" is lending. see the federal reserve's balance sheet for details.
Quote:
The pledges, amounting to almost two-thirds of the value of everything produced in the U.S. last year, are intended to rescue the financial system after the credit markets seized up about 18 months ago. The promises are composed of about $1 trillion in stimulus packages, around $3 trillion in lending and spending and $5.7 trillion in agreements to provide aid. The total already tapped has decreased about 1 percent since November, mostly because foreign central banks are using fewer dollars in currency-exchange agreements called swaps.
5.7 trillion in AGREEMENTS TO PROVIDE AID. THAT IS LENDING. Eventually as this capital goes from banks to other people(eg creditors, investor, etc..) it will have to be printed.
http://www.faithandfacts.com/2008/12...f-the-bailout/
Financial Crisis Balance Sheet
Government Entity Sum in Billions of Dollars
Federal Reserve
(TAF) Term Auction Facility 900
Discount Window Lending
Commercial Banks 99.2
Investment Banks 56.7
Loans to buy ABCP 76.5
AIG 112.5
Bear Stearns 29.5
(TSLF) Term Securities Lending Facility 225
Swap Lines 613
(MMIFF) Money Market Investor Funding Facility 540
Commercial Paper Funding Facility 1800
TALF 200
(TARP) Treasury Asset Relief Program 700
Other:
Automakers 25
(FHA) Federal Housing Administration 300
Fannie Mae/Freddie Mac 350
TARRA - The American Recovery and Reinvestment Act 787
Total $6,814.5
And this is as of 2008.
Fair enough???