Summary
Congress has passed a $787 billion second stimulus package. If added to TARP 1 and the massive aid to Citigroup ($350 billion), AIG ($150 billion) and FHA ($300 billion), etc., the total rescue package now exceeds $4.85 trillion.
The total cost to American citizens, after financing charges, likely is to surpass $5 trillion.See the full content of this document
Extract
'Please, Sir, I Want Some More'
There also are indications that Treasury Secretary Timothy Geithner will be asking Congress for an additional $2 trillion or more to bail out the banks.
In the last six months, about $7 trillion of new debt -- exclusive of massive gua...See the full content of this document
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