2008 Wall Street bailout
If you include the Citibank bailout, the total bailout cost now (2008-11-27) exceeds $4.6165 trillion. This is bigger than all of these prior historic government outlays combined, in inflation-adjusted dollars:
|Project||contemporary billion$||2008 billion$|
|Louisiana Purchase||< $0.1||$217|
|Race to the Moon||$36.4||$237|
|The New Deal||~$32||~$500|
|Invasion of Iraq||$551||$597|
- 2009-07-19 [Talk|Index] Too Big To Think About § “I don't think I was alone in finding it shockingly arrogant for Goldman Sachs to announce their insane bonuses last week. Trumpeting such a thing in the midst of this horrific economy is beyond poor taste.”
- 2008-12-22 [Talk|Index] Madoff as Metaphor § “The puzzle is to explain the "cluster of errors" that appears at the beginning of a recession. How could so many have been so wrong about so much at the same time? The business cycle is a system-wide failure, not merely the mistaken judgment of a few.”
- 2008-11-25 [Talk|Index] Big Bailouts, Bigger Bucks § “The current Credit Crisis bailout is now the largest outlay in American history”, even when earlier outlays are adjusted for inflation.
- 2008-10-06 [Talk|Index] Lehman's Golden Parachutes Were Being Secured While Execs Were Pleading For Federal Rescue §
- 2008-10-02 [Talk|Index] Congressman Brad Sherman: Martial Law if We Voted No § “A few Members were even told that there would be martial law in America if we voted "no."”
- 2008-09-28 [Talk|Index] Lost credibility leads to lost leadership § Which has led over the last week to a standoff that once would have been difficult to conceive: the president sounding the alarm, declaring the emergency, warning of apocalyptic fiscal consequences if immediate action is not taken, and lawmakers of both parties ignoring him...