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Originally Posted by GregorArturo
Thanks for sharing Questiny, and hopefully no one drops any dis-info bombs on you. Thanks for also being clear!
Oh, if you include Fannie Mae and Freddie Mac, supposedly it's up to $200 billion to rescue the companies, or was, I don't know, it's not really clear, but some economists have estimates up to $2.5 trillion in the long run (2008 US Budget is 'supposedly' $2.66 trillon). So really it's more like $285 billion they've dropped so far which is almost 11% of the projected budget, $240 billion already which we didn't have (in terms of income, $2.42 trillion, from taxes).
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The 2.5 trillion you mention may not be "long term" since many estimate that to be the amount of "toxic" securities that Fannie and Freddie held, now transferred to the Fed. If that figure is true, I can't imagine that the "reckoning" can be staved off for very long.