Friday, November 28, 2008
There seems to be something of a "cottage industry" developing around trying to account for the U.S. government's many and varied bailout programs, most of these efforts attempting to add up the current and potential costs, each one coming up with yet a higher total.
This report at the San Francisco Chronicle is two days old, so it may already be out of date, but it has a very nice chart that is well worth sharing which happens to include the highest potential cost of the bailouts to have crossed my desk - a whopping $8.5 trillion.
There's been over a trillion dollars committed during this holiday shortened week alone and the week isn't over yet - surely someone has already calculated an even higher total.
Here's the chart:
How's this all going to be paid for again???