SMRs and AMRs

Thursday, January 08, 2009

Bailout Comparisons and MORE Bailout Comparisons

Of interest about how much the bailout will cost U.S. taxpayers (eventually) is this post by money manager Barry Ritholtz. If you want to read more about what he thinks, a book entitled Bailout Nation is on its way. The accompanying charts comparing the bailout with other U.S. government expenditures tell the story.

Money quote from Ritholtz:
[Incoming Treasure Secretary Tim] Geithner's predecessor at Treasury and his former boss at the Fed have spent, promised, loaned, guaranteed, or assumed in liabilities amounts that are now approaching $14 trillion. (Emphasis ours. Source: Slate.)

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