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online.wsj.com - 1/29/2009

New Bank Bailout Could Cost $2 Trillion

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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.

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cnbc.com - 1/29/2009

Bank Bailout Could Cost Up to $4 Trillion: Economists - Financials * US * News * Story

— 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 - ...

White House

Comments vote downundo vote up Calculated Risk found this 1/29/2009found this

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cnn.com - 1/27/2009

Commentary: How to rescue the bank bailout

— cnn.com — Economist Joseph E. Stiglitz says the strategy followed by the architects of the bank bailout was flawed.... (more) Commentary: How to rescue the bank bailout

Comments vote downundo vote up Opinionator found this 1/27/2009found this

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youtube.com - 2/4/2009

How Much Is $1 Trillion? (video)

— youtube.com — CNN asks a Temple University mathematics professor how much $1 trillion actually is. The story notes Senate... Republican Leader Mitch McConnell is correct when... (more) How Much Is $1 Trillion? (video)

Congress

Mitch McConnell

Comments vote downundo vote up Gateway Pundit found this 2/4/2009found this

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Give It A Rest Already — Another $2 Trillion?!
The Moderate Voice — ... I keep trying to stop writing about these things so I don’t sound like a broken record, but it’s not my fault that they aren’t giving us even a single day of rest. Apparently they are now talking about buying up to $2 trillion worth of bad debt in order to try to spur lending again; an amount that should “take care” of the problem once and for all. This is an awful idea for many reasons. ...

Krugman Slams Obama Plan For Second TARP Bailout
The Huffington Post | Full News Feed — ... On Thursday, news came out that Treasury officials are planning a second bank bailout -- one that could cost another $1 to $2 trillion. ...

Krugman Slams Obama Plan For Second TARP Bailout
Politics on HuffingtonPost.com — ... On Thursday, news came out that Treasury officials are planning a second bank bailout -- one that could cost another $1 to $2 trillion. ...

Shoveling crap to the American taxpayer
The Reaction — ... . If a "bad bank" is going to be set up, fine, just make sure those assets are discounted upon sale and that those who made the deals to acquire these crappy assets do not get to happily move on. ...

Limbaugh: “I think bipartisanship’s a joke”
Hot Air » Top Picks — ... in economic Hopenchange. Exit question: Now that Limbaugh’s getting into policymaking, does he have any ideas about how to finance TARP II? All we need is $2 trillion . Update: Finally, something he and Pelosi ...

GRITtv: Treasury’s Private Ocean (VIDEO)
The Latest on Air America — ... Hank Paulson, a former Goldman CEO, who once owned $700 million worth of the company's stock, told taxpayers that if we gave to the banks, they'd give back to us --in jobs, and loans, and new businesses on Main Street. (Even though CitiGroup were stating publicly their intention to reduce, not grow, lending.) Opponents of healthcare are all hot and bothered about $1 trillion -- that's $1 trillion over ten years for healthcare for everybody. Most estimates put the final cost of the TARP fiasco at twice that . Would we have gone for that -- any of us -- if we'd been told it was ...