Financial Rescue Approaches GDP as U.S. Pledges $12.8 Trillion

Mar 31, 2009 06:47

March 31 (Bloomberg) -- The U.S. government and the Federal Reserve have spent, lent or guaranteed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

The grim details with the grim numbers

national debt, the great crash of 2007-2009, house of cards, tarp, economic stimulus programs, emergency economic stabilization act, deficits, bailouts

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