calculatedriskblog.com - 1/29/2009
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From CNBC: Bank Bailout Could Cost Up to $4 Trillion: Economists Goldman Sachs estimated that it would take on the order of $4 trillion to buy troubled mortgage and consumer debt. That number could shrink if the program were limited to only certain loans or banks, but it could also grow if ...
youtube.com - 1/28/2009
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youtube.com —
http://www.REIDistributeWealth.comSuper-spending partisan, Harry Reid.As Democrat Leader, he helped
pay for vicious attack ads criticizing last year's bailou......
(more)
"Trillion" TV Ad (video)
online.wsj.com - 1/29/2009
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online.wsj.com —
Government officials seeking to revamp the U.S. financial
bailout have discussed spending another $1 trillion to $2...
trillion to help restore banks to health.
(more)
New Bank Bailout Could Cost $2 Trillion
cnbc.com - 1/29/2009
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cnbc.com —
The cost of restoring confidence in U.S. financial
firms may reach $4 trillion if President Barack Obama...
moves ahead with a "bad bank" that buys up souring assets. The figure far exceeds even the most pessimistic estimates of how great the loan losses ...
(more)
Bank Bailout Could Cost Up to $4 Trillion: Economists - ...
Comments
Blog Reactions
That Number Keeps On Growing
Eschaton —
Just give them the deed to the country and be done with it. I'm so old I can remember when everyone agreed there should be no bailouts.
A trillion here, a trillion there....
Corrente —
... and pretty soon you're talking about real money.
Or not.
Look, I've offered to do my own personal bit to restore confidence by offering to donate a kidney to the first banker I meet. What more can I do? Read more…
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