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To be fair, most of the bailout is in the form of loans and guarantees to back bad loans. Presumably some of them will be repaid, maybe even most, but it’s a huge commitment and a great risk. Worse, the bailout isn’t close to being over. Expect more companies to line up for Federal bailout money, followed by cities and even states.
Found here.
Thousands of billions? I hadn’t noticed the bailout costing $8 trillion . . . ?
Yep. The 700 billion dollars for the finance industry was two months ago. The actual bailout is now over 8 trillion dollars.