the boat has no bottom:
Bloomberg said yesterday that the Federal government had committed $7.4 trillion to lending facilities and guarantees. The total is now $8.2 trillion thanks to new programs announced today to aid borrowing by consumers, small businesses, and homeowners.
This is less like bailing the boats out than it is pumping the Mariana Trench dry.
I reckon they're still shy 15 billion or so, if they plan on paying face value for the notes held by People Too Important To Fail.
posted by Zomg
@ 2008-11-25 11:51:25 | link
your turing test:
Oil for Nothing:US Holds On Humanitarian SuppliesIraq: 1997-2001
the good book
and other cultural