According to the NYTimes, the U.S. Government has pledged $4.6 trillion in investments in failing banks, $2.4 trillion as a lender, and $1.8 trillion as an insurer to bail out the financial system. Given the size of the U.S. economy is $14.3 trillion, we are not quite Iceland (see photo), but this looks bad.
I sure hope someone figures it out soon before all the food is gone off the shelves.
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