Saturday :: Mar 7, 2009

Open Thread


by Mary

9 Trillion Dollars

In the meantime, the massacre in financial markets and among financial firms is continuing. The debate on "bank nationalization" is borderline surreal, with the U.S. government having already committed--between guarantees, investment, recapitalization and liquidity provision--about $9 trillion of government financial resources to the financial system (and having already spent $2 trillion of this staggering $9 trillion figure).

Wow.

Mary :: 12:00 AM :: Comments (16) :: Digg It!