Posted on 09/17/2008 11:29:30 AM PDT by Red in Blue PA
The U.S. Federal Reserve stepped in to rescue insurance giant American International Group from bankruptcy with an $85 billion loan on Tuesday, the latest in a series of bailouts and loans for the financial and housing sectors.
The action brings the total tab for government rescues and special loan facilities this year to more than $900 billion.
(Excerpt) Read more at cnbc.com ...
“literal” would get the issue resolved much sooner.
That’s only about $300 per capita, or $11500 per household of principal, not including the interest payments.
Pfft, by the time we pay that debt off a pitiful $3000 will maybe buy a cheeseburger, so don’t worry about, the future is hope and change!!
Oops, $3000 per capita,
silly typo.
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