Washington's $5 Trillion Tab! The financial crisis has put the U.S. on the hook for $5 Trillion, so

Washington's $5 Trillion Tab

www.forbes.com

Fighting the financial crisis has put the U.S. on the hook for some $5 trillion a report says. So far.

For all the fury over Treasury Secretary Henry Paulson's $700 billion emergency economic relief fund, it seems downright puny when compared to the running total of the government's response to the credit crisis.

According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse

(visit the link for the full news article)



[edit on 13-11-2008 by gselsidi]

[edit on 13-11-2008 by gselsidi]

Before the bailout even passed i remember hearing bloomberg financial say the real figure would be near $5 trillion dollars! thats 5,000,000,000,000 dollars!!

I just wrote in another article to attend the stop the fed mettings held nationwide, this monsters won't stop unless we do something about it.

here are the links again.

www.meetup.com...
restoretherepublic.net...

You can find your group in your nearest city there.

God Bless

www.forbes.com
(visit the link for the full news article)

Well one thing is for sure right now the Asian Markets have another down turn and Germany is officially in recession.

So I wonder when our nation will proclaim a recession rather than hinting at it.

As Paulson squandering of tax payer money goes its merry way,

America main problem as the cause for the economical mess goes without been addressed.

Moody's Economy.com forecasts that even with loan modification programs, 1.6 million Americans will lose their homes this year either in a foreclosure or a distressed sale, and another 1.9 million are projected to lose their homes in 2009.

And still nobody dares to ask what Paulson is doing with the tax payer money from the bail out and whom is pocketing the money.

If you are planning on bankrupting a nation all you need is to pay for the services of People like Paulson and Barnake, whoops they don't need money to do the job they just get a hefty cut.

exactly lol, there was actually news articles that aig who asked for even more millions and billions of dollars, the executives spend hundreds and thousands of dollars on massages!! lol

the same people who destroyed the company, on purpose, have no soul at all and took the bailout money and had a wild time haha