Bailout Explodes! $9.7 TRILLION

 

Ummm… Errr… Was just watching Fox News. They’re reporting from Bloomberg that this bailout is going to rocket to $9.7 trillion.

The stimulus package the U.S. Congress is completing would raise the government’s commitment to solving the financial crisis to $9.7 trillion, enough to pay off more than 90 percent of the nation’s home mortgages.

What happened to $800 billion ($0.8 trillion?)

I’m at a loss for words. More later.

Alan Speakman

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