Wednesday, October 29, 2008

Financial crisis cost moves toward $20 trillion

No one with an abacus, a calculator or a mainframe will ever know what the global credit crisis has cost in real money. Lost jobs means lost tax revenue. Lost bank capital means a drop in share values. Government aid must be near $1.5 trillion when the taxpayers' $700 billion is added to what all other nations have put in to shore up banks.

read more | digg story

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