since the expeditures under discussion is about to pass gdp
I would like them more targeted and scrutinized
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Most of that $xxT is guarantees.
The real cost of this assistance isn't going to be as high as the scary headline number, but the real cost would be much higher (in lost output if nothing else) if Uncle Sam hadn't stepped in.
http://www.bloomberg...kwtCA4&refer=home Commitments include a $500 billion line of credit to the FDIC from the governmentÂs coffers that will enable the agency to guarantee as much as $2 trillion worth of debt for participants in the Term Asset-Backed Lending Facility and the Public-Private Investment Program. etc. Cheers, Scott. |