Daily Financial Moment Of Clarity

| November 24, 2008

From Bloomberg:

The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago.

Might I also add that the Treasury is refusing to disclose where that money went?

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Category: Economics, Main, Moment of Clarity

About the Author ()

Bruce Henderson is a former Marine who focuses custom data mining and visualization technologies on the economy and other disasters.

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