The Bailout So Far: Even Greater Than Imagined

Jennifer Barry (Marketoracle.com) presents a gloomy picture of the economic crisis. With Fed activity included, the total bailout has now exceeded $2.1 Trillion. The number includes Term Auction Facilities (see 4-8-08 post). An additional $37 B+ have been added to $85 bill to shore up insurance giant AIG. In other news, CNN reported that almost 60% of US people surveyed thought an economic depression was very likely or somewhat likely.