costs in perspective

[arthur_l]

Are the costs of the current financial crises unprecedented? No. The US gov't has now spent about the same amount of money in bailouts (fannie, freddy, bear sterns, and AIG) as it spent cleaning up the savings and loan mess in the previous era of financial deregulation. It has also been about the same amount as the cost of one year of the Iraq war.

Comments

[dvmp]

It is also a similar amount to how much I spend yearly on pizza and egg fu yung.