2008/11/26

EasyRSS: Clipmarks | Vietnam Clips

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Clipmarks | Vietnam Clips

Bailout More Expensive than World War II?

clipped by: Joshua Zumbrun
clippers remarks: Now Treasury Secretary Henry Paulson and Fed chair Ben Bernanke would be quick, I think, to dispute that $4.6165 trillion dollars is a cost. A lot of apples and oranges (and grapes and berries and pomegranates) to get to that figure.

The point that either way were talking about a lot of fruit, howvever, is an important one.
Clip Source: www.ritholtz.com
Big Bailouts, Bigger Bucks

By Barry Ritholtz - November 25th, 2008, 7:19AM

Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved. That became a problem while doing the research for the Bailout Nation book. I needed some way to put this into proper historical perspective.


If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let?s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.



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