Posted
11/25/2008 03:51:00 PM
by Douglas
It's Tuesday, so that means there's another
$800 Billion in bailouts.The government, still struggling to manage a severe financial crisis, unveiled two new programs Tuesday that will provide $800 billion to try to help unfreeze the market for consumer debt from home mortgages to credit cards.
The announcements by the Federal Reserve and the Treasury Department represented the latest modifications to the largest government bailout in history, a program designed to keep the troubled financial system from dragging the country into a deep and prolonged recession.
Is anyone keeping score? What does that bring the total up to?
This says $5 Trillion, but that was a month ago. Heck, that's just $17grand each!