Nov 25, 2008
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The Bailout Grows Again
The bailout is on track to rack-up another $800 billion. That’s in addition to the original $700 billion, which is in addition to $25 billion here and there to rescue various financial service firms before the $700 billion and the roughly $135 billion of other funding that was attached to the $700 billion.
This brings the total amount to over $1.6 trillion dollars
And people are fussing over $25 billion to the auto industry?
the auto companies are back in Washington DC this week in front of congressmen who neither understand or appreciate the situation….but intead of the CEOs of these 3 companies, they might want to rethink not only their strategy, but whom they are sending to let these people know of the real situation.