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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