Cost Of Bailout Hits A Whopping $24 Trillion Dollars…

According to the watchdog overseeing the federal government’s financial bailout program, the full exposure since 2007 amounts to a whopping $23.7 trillion dollars, or $80,000 for every American citizen.

The last time we were able to get a measure of the total cost of the bailout, it stood at around $8.5 trillion dollars. Eight months down the line and that figure has almost tripled.

The $23.7 trillion figure comprises “about 50 initiatives and programs set up by the Bush and Obama administrations as well as by the Federal Reserve,” according to the Associated Press.
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3 Comments on “Cost Of Bailout Hits A Whopping $24 Trillion Dollars…”

  1. If the figure about the bail money packages given by you are right, I think the US stock markets will not see any week that shows losses in coming times. The US business world must be feeling greatly relieved.

  2. [...] Cost Of Bailout Hits A Whopping $24 Trillion Dollars… [...]

  3. shari says:

    Tired of Bankers having all the fun.

    Bailout! The Game the hilarious parody of the government bailout where when you lose, you win. In this role reversal of the classic board game debt is king.

    Bailout! The Game gives you an endless supply of T.A.R.P funds, laughs and fun.

    Be the bank, lose billions and get a bailout.

    Play as one of six banks: Bankruptcy O’ America, Worth Farless, No Cashvia, Liquidation Brothers, Greedy Investors of America, or Washed Up Mutual.

    Land on or pass over Frantic May and Frivolous Mac spaces and get slammed with bad debt.(MBS’s and CDO’s)

    Just as Monopoly was born out of the Great Depression, Bailout! The Game was born out The Great Recession.

    Winner of the Mr. Dad Seal of Approval. http://www.mrdad.com

    Creators of Bailout! The Game and Bailout! The Card Game
    Liberty Street Games

    http://www.bailoutthegame.com


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