Mike Hudack (The U.S. government is prepared to lend more than...)

quote 2
notes
"The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year, to rescue the financial system since the credit markets seized up 15 months ago."

Bloomberg.com

I officially give up trying to comprehend any numbers ending in ‘-illion.’ That way lies madness.

In 2007 dollars, World War II cost $3.6 trillion.

I’m not saying that Fed lending and FDIC guaranteeing loans and all those things I don’t really understand are the same as straight up spending, but how does one wrap one’s head around such a number?

(via southpol)

webmarc reblogged this from mikehudack and added:

It’s time for a new unit, the Cluster-Fudge-$ or CF$. CF$1 is == the cost of WWII. So in these units, we’re talking...
iamdanw liked this
mikehudack reblogged this from southpol
southpol posted this