Tuesday, January 27, 2009

Bank bailout could cost $4 trillion

Banks don't have enough capital to fix their problems, which means the Obama administration may need a lot more money to clean up the financial mess.

The cost of the bank bailout is likely to be much higher than $700 billion.
» Full Story on CNNMoney.com


Hooray for capitalists, who can make a mess but get bailed out with taxpayer money! And we used to think the Soviet economy was inefficient....I wish I could cheat, lie and steal and get rewarded by the government.

When I 1st heard about the bail out it made me sick. Speaking of sick lucky me living in Cali is getting an IOU for my tax return. What else can they mess up now? Oh maybe I shouldn't ask....

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