I’ve read an article saying that the likely cost of the bailout will be $2.5 trillion and at least $1.3 trillion.
Glenn Beck had someone on tonight saying $2.7 and $1.3 trillion respectively.
This is going to be a fun ride. For anyone who doesn’t know, $2.7 trillion is roughly the amount the government spends per year already.
Stupid question for you, we (the taxpayers) are only on the hook for the non-performing loans right? The non-performing quite a bit less than the amount stated or am I not understanding the full situation?
Stop going to huffington.com