According to this article, the total bill to taxpayers is now eight trillion dollars. Trillion? With a T? Can that possibly be right? No wonder I can't get Social Security. -BV
November 26, 2008 11:40 am EST
"The latest installment – jointly from the Federal Reserve and the Treasury – is aimed at loosening the mortgage markets and encouraging new loans to consumers. And according to the Wall Street Journal, there were signs yesterday afternoon that it may work: Some 30-year mortgage rates sank a half-percentage point yesterday."
Read the entire article at Pro Publica
http://www.propublica.org/article/a-bailout-that-works/
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