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$7,400,000,000,000

That’s what the Fed is pledging to “rescue the financial system,” according to Bloomberg.com. That’s 50% of 2007 GDP, or 288% of 2007 federal tax revenues. Makes my prior post sound look like a praise of good budgeting.

This entry was posted on Monday, November 24th, 2008 at 10:26 am and is filed under Law, Miscellanea, Politics. You can follow any responses to this entry through the RSS 2.0 RSS feed. You can leave a response, or trackback from your own site.

One Response to “$7,400,000,000,000”

  1. $8,500,000,000,000 | Ed Cottrell Says:
    December 2nd, 2008 at 8:52 pm

    [...] reference: this is only 8 days after the $7.4 trillion estimate and only 14 days after the $4.284 trillion estimate. That’s $4,216,000,000,000 in two [...]

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