Tuesday, Feb 10, 2009
That should do it! Then again....bring on the quadrillion!
BBC News: US unveils new $1.5 trillion plan
US Treasury Secretary Timothy Geithner has unveiled a comprehensive $1.5 trillion (£1.02 trillion) bank bail-out plan to beat the financial crisis.
Under the plan, the size of a key Federal Reserve lending program will be expanded to $1 trillion from $200bn.
Posted by flintster1994 @ 05:18 PM (553 views) Add Comment
7 Comments
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1. Ulfarus said...
So what is the size of the plan to be unveiled by Crash Gordon ?
2. timmy t said...
ONE AND A HALF MILLION MILLION DOLLARS...They are just plucking numbers from the air and hoping its enough. Bet you a quid it isn't.
3. timmy t said...
And the Dow is down 300 points so looks like they don't think its enough either.
4. plato said...
Dow looks very impressed! 7,966.45 -304.42 / -3.68%
Feb 10 1:09pm ET †
5. Stevie Dee said...
So thats £900 billion to Barclays and the wealthy investors or sovereign wealth funds.. and the change for the public for their "soup kitchens" & "chain gangs" building roads, schools... The United States of Incarceration... Or put another way.. Asset Stripping on grand scale..
6. debtfree said...
To think its enough to pay off every single mortgage in the USA !
7. jack c said...
Ultimately whats going to happen is that they will be forced to walk away from all the toxic debt - heavy read but worthwhile www.debtdeflation.com/blogs/