Wednesday, October 15, 2008

$25 billion here, $25 billion there ...


... pretty soon, it adds up to real money:

After initially putting up $25 billion of public money to buy mortgages, the Department of Finance is prepared to increase that limit as needed up to $225 billion, at which point the risk of taxpayer losses starts to rise sharply.

In wholly unrelated news, the fundamentals of our economy are strong. I just thought you needed to know that.
at

2 comments:

  1. Pearce5:24 AM

    CC, you're obviously as much of an insomniac as I am... That or you work night shifts.

    ReplyDelete
  2. sinned3412:45 AM

    That is absolutely infuriating. Canada has, what, 10% of the population of the US, yet the Cons are getting prepared to pony up to 1/3 of what the US government has for their bailout package?

    What the hell happened to the conservative mantras of letting the market settle things out and keeping government out of it?

    ReplyDelete