Difference between revisions of "2008-11-25 Big Bailouts, Bigger Bucks"
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<let name=data index=TitlePlain>Big Bailouts, Bigger Bucks</let> | <let name=data index=TitlePlain>Big Bailouts, Bigger Bucks</let> | ||
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| − | <p>If we add in the [[2008 Citibank bailout|Citi bailout]], the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so | + | <p>If we add in the [[2008 Citibank bailout|Citi bailout]], the total cost now exceeds $4.6165 trillion dollars. People have a hard time conceptualizing very large numbers, so let's give this some context. The current [[2008 Wall Street bailout|Credit Crisis bailout]] is now the largest outlay in American history.</p> |
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<p>The only single American event in history that even comes close to matching the cost of the credit crisis is [[World War II]]: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion</p> | <p>The only single American event in history that even comes close to matching the cost of the credit crisis is [[World War II]]: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion</p> | ||