America’s Market Bailout : Some Figures For The Weekend
A few details are starting to emerge about the proposed “bail out plan” of the US Government. While legislators wrestle with the finer details, here are a few figures to juggle with over the weekend.
So far, 0bn has been spent saving Fannie Mae and Freddie Mac with another 0bn to prop up the Federal Housing Administration.
On top of that, there’s with an additional bn to buy up the companies’ discount notes, bn to keep Bear Sterns alive and bn to keep AIG going. That’s another 3bn, taking the running total to 3bn.
September 20 2008 02:23 pm | Environment and External Blogs and Green
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