Value of 2008 Bailouts Exceeds Combined Costs of All Major U.S. Wars

The total value of the bailouts undertaken by the federal government in 2008 now exceeds the combined cost of every major war the United States has ever engaged in, according to a comparison of war costs calculated by the Congressional Research Service (CRS) and the value of the bailouts as calculated by Bloomberg News or Bianco Research.

http://www.cnsnews.com/public/content/article.aspx?RsrcID=40964



Bank of England cuts interest rates to lowest in more than 300 years

The Bank of England has cut interest rates to the lowest level in its 315-year history as it desperately attempts to prevent the UK recession deepening into a slump.

http://tinyurl.com/8lmqob


From Information Clearing House



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=recession

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