History of U.S. Gov’t Bailouts
With the flurry of recent government bailouts—and a much larger one likely on the way—we decided to try to put them in perspective. After the jump is a chart—and graphic—showing the history of U.S. government bailouts, calculated in 2008 dollars.
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2 comments
Ikram Ahmed
Sept. 20, 2008, 2:41 a.m.
Shouldn’t the Bear Stearns, Fannie Mae/Freddie Mac and AIG bailouts be combined since they are resulting from the same crisis. I think the diagram as such appears to downplay the size of the current bailouts.
Second, are the current bailouts, and the crisis that much worse because now the U.S. economy is based on financial services rather than on a strong manufacturing base?
Angellight
Sept. 20, 2008, 3:25 p.m.
McCain Says One Thing and THEN Votes The Opposite! When you hear McCain talk, think—Wizard of Oz.
http://www.salon.com/env/feature/2008/09/20/john_mccain_environment/?source=newsletter
Since McCain has admitted that he does not know that much about the economy, although he is on the Commerce Committee, then why is he such a Staunch Supporter of deregulation—or no regulation at all?
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