NJ5 on 12 October 2008
| rendo said: Some good that $700billion has done so far. Stock markets at 5 year lows across the world, and now on top of all that, they want to push more money into it? Nice. Bye bye economy. :( |
The $700 billion was probably just a random number they thought up... Apparently they have no problem with adding to that cost (not to mention the billions already given to Fannie/Freddie, AIG and other banks).
According to this site, the real cost is not unlikely to go up to $2.5 trillion for Freddie/Fannie alone. This is a clusterfuck of epic proportions.
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