And this DOES NOT include the potential / likely costs of all the new lending facilities / conversion of Morgan Stanley or Goldman...
War on Delever
Feb. 13: Initial Stimulus Package (i.e. rebate checks)
Feb. 13: Initial Stimulus Package (i.e. rebate checks)
Mar. 17: Bear Stearns Guarantee
Sept. 7: Freddie / Frannie Bailout
Sept. 17: AIG
Sept. 20: Bail-out Proposal
Just how big is this? It's roughly 2x the size of spending to date on BOTH the Afghanistan and Iraq wars to date... Ladies and gentlemen. We have a new financial war in progress.... 
Cost of the Iraq / Afghanistan Wars to Date
Cost of the Iraq / Afghanistan Wars to Date
You are using the headline number for the bailouts, which I think is inaccurate. The fact is that some unknown portion of the money deployed by the government for bailouts will return to the government. It could be 10%, 80%, 120%... nobody knows right now. I think it's too soon to compare the known costs of the war to the unknown costs of the financial bailouts.
ReplyDeletethey are unknown, but in my opinion (i've been known to be wrong on many occasion), the chance of further bailouts is much higher than the likelihood these costs will be substantially lower than listed...
ReplyDelete