Just so we're aware, there are several financial institutions around the world that aren't doing very well ...
The Financial Times has an interesing interactive-graph page showing that during the month of September national governments intervened and/or insured over $1 trillion dollars ($1,063,000,000,000) worth of troubled financial instruments.
Here's an interesting fact. In spite of spending $297 billion to bailout Fannie/A.I.G./Citi-Wachovia, the U.S. came in a distant second to Ireland, who pumped in $572 billion to guarantee market liabilities.
Here's another interesting tidbit. With the exception of the U.S. these bailouts occurred after Congress rejected the bailout proposal on Monday.
This was just September. I think it's fair to ask whether the $700 billion bailout Congress is now considering is just a first installment ...
- Mark
The Financial Times has an interesing interactive-graph page showing that during the month of September national governments intervened and/or insured over $1 trillion dollars ($1,063,000,000,000) worth of troubled financial instruments.
Here's an interesting fact. In spite of spending $297 billion to bailout Fannie/A.I.G./Citi-Wachovia, the U.S. came in a distant second to Ireland, who pumped in $572 billion to guarantee market liabilities.
Here's another interesting tidbit. With the exception of the U.S. these bailouts occurred after Congress rejected the bailout proposal on Monday.
This was just September. I think it's fair to ask whether the $700 billion bailout Congress is now considering is just a first installment ...
- Mark
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