Financial Crisis Current Tab: $5 TRILLION

On November 13, 2008, in doomed, by admin

Don’t believe all the nonsense about the $700 BILLION bailout or even the $1 TRILLION annual deficit.  The truth is that the US government is already on the hook for $5 TRILLION and there is no sign that the cash register is ready for a final total.    Lots of this is being done by Fed Chairman Bernanke — the guy who won’t disclose who the FED has lent $2 TRILLION — and Congress is some kind of pissed about that.

So while Congress is talking about $50 BILLION for the auto industry — a mere pittance — the big boys are dealing out T R I L L I O N S!

America is doomed.

 

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