$1,000,000,000,000
In roughly one hour, President Bush, Treasury Secretary Henry Paulson, and Federal Reserve Chairman Ben Bernanke are set to announce a comprehensive rescue financial package -- "perhaps the biggest intervention in financial markets since the 1930s" -- that will could cost taxpayers as much as... ONE TRILLION DOLLARS.
The markets are rallying on the news. But, in the spirit of Pirate Day, I must say: Shiver me timbers, that's a boatload of booty, me lads! Arr!
P.S. Did capitalism just walk the plank?
The markets are rallying on the news. But, in the spirit of Pirate Day, I must say: Shiver me timbers, that's a boatload of booty, me lads! Arr!
P.S. Did capitalism just walk the plank?
posted by Brendan Loy at
9/19/2008 09:32:00 AM
