But I thought it was only $700 Billion you say? John Carney laughs at your naivety and comes up with a number 4x that size (I was ready to post when the G.E. $139 Billion FDIC guarantee was announced... does it ever end?)
That's right, $3 Trillion and counting...
...when does it stop indeed!
ReplyDeleteSome of the fellas and I in the office are thinking we would create our own Bank Holding Company to gain access to the window...care to join us?!
Next thing we know Black and Decker will be applying to become a bank holding company...then Circuit City...then Macy's...
...where does it end...
The L shaped recession
and finally - one Mr. M. Feldstein on Bloomberg yesterday saying he feels we are in the "early innings" of the recession and we have some time to go. This from the (previous but still immensely influential) head of the NBER for goodness sake! The organization that DATES our recessions.
Keep up the great work!