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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (25797)7/13/2008 9:33:56 PM
From: sylvester80  Read Replies (2) | Respond to of 149317
 
Can someone translate those dollars from the 80s to today's dollars? Last I looked our U.S. dollar has been world's trash currency for a few years now.



To: RetiredNow who wrote (25797)7/13/2008 9:41:59 PM
From: Sr K  Read Replies (1) | Respond to of 149317
 
>>The IndyMac bailout ended up costing about $8 billion and they had assets of around $30 billion.<<

The IndyMac shutdown is not a bailout, and it didn't cost much yet. It was only shut down and taken over by IndyMac Federal Bank about 3 PM Friday PDT.

It is estimated (by FDIC) that it will cost $4B to $8B.


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