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Front Page: Taxpayer ATM to Doll Out $7.4 Trillion in Rescues

  • The US government has pledged more than $7.4 trillion to bail out the financial system. That amount of taxpayer money represents half of the value of everything produced in the US last year. — Bloomberg
  • Citibank is the latest institution to receive a bailout. The US government will back $300 billion in loans and invest $20 million in the troubled company as well. So far the markets have reacted well to the news. — New York Times

  • A rush hour-timed bomb left at least 19 people dead in Baghdad today. The roadside bomb blew up a bus packed with government employees. — BBC
  • Fed up with the rise in pirate attacks, ship and tanker owners from all over the world have called for a military blockade along the coast of Somalia. More than 90 ships have been seized so far this year. — CNN


Join The Conversation
Roarman Roarman 8 years
This bail out business is getting to be like bad parenting. You tell your kid no cookie, then you cave in and give them one, then you rationalize another one by saying it's not gonnna hurt, then you rationalize yet another one because you already gave them two and so on and so on and so on until they are so sick and vomiting from all those cookies. Except with the bailouts us regular citizens will be the ones sick and vomiting from worry about our investments, finances or how to buy groceries. I say NO MORE COOKIES!
bellaressa bellaressa 8 years
My stomach hurts - that is so much money. I wonder can I get some money toward my student loans - I may start a nationwide campaign - anyone want to get on board. Those pirates, 90 ships - they are rolling in the $$$. They are stimulating their economy and destroying another one.
em1282 em1282 8 years
I'm so sick of hearing about these gross amounts of money when I am struggling just to pay off my school debt and get some nice presents for my family and friends this year. Ugh.
Jude-C Jude-C 8 years
Wow that's a lot of money.
ilanac13 ilanac13 8 years
well - it's really a sign of things to come if citibank needs help right? i don't know what to think about things anymore. i can just hope that my investments are safe where they are.
UnDave35 UnDave35 8 years
And guess how much will reach the "average" America? $0.00 Trillion. Thanks for looking out for us US Government.
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