The Mudcat Café TM
Thread #116087   Message #2506990
Posted By: heric
03-Dec-08 - 01:27 PM
Thread Name: BS: getting a handle on perspective
Subject: RE: BS: getting a handle on perspective
"Just last week, new initiatives added $600 billion to lower mortgage rates, $200 billion to stimulate consumer loans and nearly $300 billion to steady Citigroup, the banking conglomerate. That pushed the potential long-term cost of the government's varied economic rescue initiatives, including direct loans and loan guarantees, to an estimated total of $8.5 trillion -- half of the entire economic output of the U.S. this year."

LA Times 12/1/08