I came across this news story from a Canadian news source. It says that the price tag for fixing the financial crisis is now $7 trillion.
Tuesday's announcement makes it $7-trillion (U.S.)
I havn't heard that from any American news source.
The article doesn't really break down the $7 trillion. But is it $7 trillion already Really???? I did hear that there were about $60 Trillion in credit default swaps so does that mean that we maybe 10% of the way towards fixing the mess.
One thing is for sure, if the fed keeps printing money we are going to look like the Weimar Republic.
Tuesday's announcement makes it $7-trillion (U.S.)
I havn't heard that from any American news source.
The article doesn't really break down the $7 trillion. But is it $7 trillion already Really???? I did hear that there were about $60 Trillion in credit default swaps so does that mean that we maybe 10% of the way towards fixing the mess.
One thing is for sure, if the fed keeps printing money we are going to look like the Weimar Republic.