Email Story

$4 Trillion Bank Bailout?

Eschaton found this 1/29/2009 on calculatedriskblog.com

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 ...