Financial Rescue Nears GDP as Pledges Top $12.8 Trillion (Update1) - Bloomberg.com
The heist of this nations wealth continues.... Does anyone still believe the 'bailout' had anything to do with a few people unable to pay their mortgages??The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
With 12.8 TRILLION dollars you could have paid every single mortgage in the US, at least twice.
Mind you if I had the power to spend money backed by taxpayers with no limits and no chance of recourse.... you better believe I'd find 12.8 trillion I could spend.... hell, I'd buy the whole planet and make everyone beg for a piece of what I bought.