Thursday, November 27, 2008

Washington's $5 Trillion Tab

Elizabeth Moyer, 11.12.08, 5:15 PM ET For all the fury over Treasury Secretary Henry Paulson's $700 billion emergency economic relief fund, it seems downright puny when compared to the running total of the government's response to the credit crisis. According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system. The estimate includes many of the var

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