Les Jones

Cost of bailout tops all other big government programs

Wednesday, December 3rd, 2008 | Misc |

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.

2 Comments to Cost of bailout tops all other big government programs

Daniel Howard
December 7, 2008

Thousands of billions? I hadn’t noticed the bailout costing $8 trillion . . . ?

Les Jones
December 7, 2008

Yep. The 700 billion dollars for the finance industry was two months ago. The actual bailout is now over 8 trillion dollars.

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