Monday, Nov 24, 2008
“If you mark to market today, the banking system is bankrupt,”
Bloomberg: Fed Pledges Top $7.4 Trillion to Ease Frozen Credit (Update1)
Nov. 24 (Bloomberg) -- The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago
Posted by malct @ 03:38 PM (226 views) Add Comment
4 Comments
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1. fjcruiser said...
or life without the banks.
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