Quote:
Originally Posted by GermanDunk
But the complete US bailout pack has a volume of 700 bn. $, or am i wrong ?
|
You're right, that's the rescue package these guys had to get through congress. But weeks before they had already nationalized Fanny Mae and Freddie Mac and put their 4-5 trillion in debt on their balance sheet, then their was the AIG bailout which up to now cost 150 billion, then there were other bailouts I can't really remember but they had one thing in common - congress had no say in it.
Thank you alexamos for posting this one.