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Tab for Government Rescues Rises to $900 Billion (Taxpayers once again!)
cnbc ^ | 9/17/2008 | Staff

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 ...


TOPICS: News/Current Events
KEYWORDS: economy; govwatch; housingbubble
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To: Uncle Miltie

“literal” would get the issue resolved much sooner.


21 posted on 09/17/2008 12:11:52 PM PDT by ctdonath2 (The average piece of junk is more meaningful than our criticism designating it so. - Ratatouille)
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To: Red in Blue PA

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!!


22 posted on 09/17/2008 12:16:43 PM PDT by JerseyHighlander (Obama wants to raise taxes and kill babies. Palin wants to raise babies and kill taxes.)
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To: JerseyHighlander

Oops, $3000 per capita,

silly typo.


23 posted on 09/17/2008 12:17:17 PM PDT by JerseyHighlander (Obama wants to raise taxes and kill babies. Palin wants to raise babies and kill taxes.)
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