Zurich Bank's Vault Full To The Brim With Gold
Total Bailout Cost Heads Towards $5 TRILLION
The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.
• Global stocks slip on recession fears, gold rises
• AD: Quantum Mind Power: Unlock The Hidden Power of Your
Feds Give Hundreds of Billions to Banks, But Get Only NON-VOTING Shares in Return
Paulson's original bailout plan was so ill-conceived, and the markets reacted so poorly, that he had to copy the European model of buying shares in banks in return for injections of capital. As Kenneth S. Rogoff, a professor of economics at Harvard, said, “The Europeans not only provided a blueprint, but forced our hand”.
• Fed Officials Warn of Recession Risk
• Americans Embrace Big Government to Help Solve Market Crisis
• Why Europe’s leaders agreed to pump cash into banks
• Rescue package nears £3 TRILLION as the U.S. unveils Brown-style bail-out
• Stocks retreat as risk aversion returns
• Keynesianism’s Last Stand
• Hard times bring barter back into vogue
Paulson's original bailout plan was so ill-conceived, and the markets reacted so poorly, that he had to copy the European model of buying shares in banks in return for injections of capital. As Kenneth S. Rogoff, a professor of economics at Harvard, said, “The Europeans not only provided a blueprint, but forced our hand”.
• Fed Officials Warn of Recession Risk
• Americans Embrace Big Government to Help Solve Market Crisis
• Why Europe’s leaders agreed to pump cash into banks
• Rescue package nears £3 TRILLION as the U.S. unveils Brown-style bail-out
• Stocks retreat as risk aversion returns
• Keynesianism’s Last Stand
• Hard times bring barter back into vogue
Posts
