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