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Politics : RAMTRONIAN's Cache Inn
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From: niceguy76711/12/2008 6:14:25 PM
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Not much glimmer here, I fear:

"Tallying up the "true" cost of the bailout is difficult, and won't be known for months if not years. But considering $3.5 trillion is about 25% of the U.S. economy ($13.8 trillion in 2007) and the U.S. deficit may hit $1 trillion in fiscal 2009, hyperinflation and/or sharply higher interest rates seem likely outcomes down the road."

finance.yahoo.com,^DJI,^GSPC,C

Looks like the Fed needs to purchase quite a few more printers to feed dollars to the burgeoning bailout project! :-)

(I'm guessing that the current $3.5 trillion is nowhere near the final draw to cover off that $62 trillion in credit default swaps that are suffocating the financials.)
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