The Second Scariest Number You’ll Hear Today | Talking Points Memo

Bloomberg reported a frightening fact this morning: The U.S. government has spent committed nearly as much on to bailing out financial firms — $12.8 trillion, when you total up guarantees and loans given by the Treasury, Fed, and FDIC — as the nation’s entire $14.2 trillion domestic product.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=144315