American Taxpayers Screwed To The Tune of 7.4 TRILLION Dollars - 0 views
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rpedersen on 24 Nov 08"The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago. " "The unprecedentedpledge of funds includes $2.8 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg."...