Charles Momsen wrote:
The bailout for 2008 is now 1/2 of the entire US GDP:
http://bloomberg.com/apps/news?pid=2...Drk&refer=home
7.4 trillion dollars!!!!!!!
A nice present for the future generations!
The Federal Reserve in action folks. A truly independent quasi government
agency bailing out the rich folks and those in political favor.
We have already lost many times that in 401k, saving accounts, and
company and public pension funds. So while large in itself, it is a drop
in the bucket relative to the problem.