$8.6 Trillion Was a Drop in the Bucket! - The Latest Crisis Tally
Many of you will recall the two prior versions of this article from October and November 2008, which pegged the crisis tally at the time at $3.9 Trillion and $8.6 Trillion, respectively. Well, with the addition of Obama's stimulus plan and Geithner's expansion of TALF alone to $1 trillion, we have hurdled beyond the $10 trillion mark. Take a look, give the article a rec if you appreciate the research, and of course come back and tell me what you think of the article.
The scary part is, all we keep hearing is that more is waiting in the wings. We've heard whispers of yet another big stimulus plan sometime later in the year, and just wait until we get details on Geithner's next phase of bailouts. Incredibly... the scope of these measures could surpass the national debt before long! Where will it stop? If you ask me... in a train wreck that once was the U.S. dollar.