U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit
By Mark Pittman and Bob Ivry
Nov. 24 (Bloomberg) -- The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.
Has anyone suggested we no longer count financial sector $$$ in GDP?
Does this sound slightly askew to anyone but me???
W's legacy - never much to brag about - is getting worse daily.
What'll be left of the U.S. when he's done with us?
Stop the madness!
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