The Global Financial Bailout comes at the cost of $4.62 trillion. To help make sense of this number and put things in perspective, let us look at the following:
South Korean Bailout 1997 Cost: $78 billion
Indonesian Bailout 1999 Cost: $122 billion
Brazil Bailout 2001 Cost: $110 billion
Argentina Bailout 2001 Cost: $52 billion
TOTAL = $ 3.62 trillion
The Current Bailout is at least $4.62 trillion
Food For Thought???
Wednesday, January 28, 2009
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