Monday, July 20, 2009

US financial market bailout tab hits $4.7 trillion

THESE PEOPLE MUST BE STOPPED-LB



By JIM KUHNHENN,
Associated Press Writer Jim Kuhnhenn,
– 25 mins ago

WASHINGTON – The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday.

Under the worst of circumstances, the report said, the government's maximum exposure could total nearly $24 trillion, or $80,000 for every American.

Read More, if you can keep your lunch down! http://news.yahoo.com/s/ap/us_meltdown_oversight

(We need to stop feeding that creature we call the Federal Government! This is getting downright frightening!)

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