Posts Tagged ‘world war 2’
Mind Boggling – The True Cost of The Bailout
Monday, December 1, 2008 18:23 11 CommentsAt $8.5 Trillion already pledged by the US Government, the 2008 bailout of the financial sector has become largest single expenditure ever assumed by the US Government (Or any government). Just how large you ask? We’ve now exceeded the total cost of World War 2, The New Deal, Korean War, Iraq Invasion, Vietnam, The Louisiana [...]
Wall St Bailout Cost Now Exceeds $4 Trillion
Tuesday, November 18, 2008 15:39 1 CommentThat’s right $4.28 trillion dollars. That’s $4,284,500,000,000. The total cost has now exceeded the total cost of World War 2, in inflation adjusted terms. Fannie Mae & Freddie Mac have cost the American taxpayer $350 Billion, AIG $110 Billion+, Bear Stearns $30 Billion and $25 Billion to the Auto Makers.
The US has shelled out $700 [...]
