http://www.abductedcow.com/wp-content/uploads/2014/12/ac-reverse1.png 0 0 wadeferd http://www.abductedcow.com/wp-content/uploads/2014/12/ac-reverse1.png wadeferd2008-11-24 13:14:252008-11-24 13:14:25$7.7 Trillion
With the addition of Citi to the fray these bail out numbers are starting to get beyond comprehension. Here’s one perspective:
The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.
Bit of an update: (these are the numbers i was really looking for yesterday) If you adjust for inflation and add up the cost of the Marshall Plan (rebuilding Europe after WWII), Louisiana Purchase, moonshot, S&L bailout, Korean War, New Deal, Iraq war, Vietnam war, and NASA’s lifetime budget, you still fall short of the projected cost of this bail out.