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February 10, 2009

Report: $9.7 Trillion Government Tab in Financial Crisis
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Bloomberg News estimates the economic stimulus package would raise the
government tab in addressing the financial crisis to $9.7 trillion. In
addition to the Wall Street bailout and the current stimulus plan, the
US government is believed to have lent or spent more than $8 trillion
through the Federal Reserve, Treasury Department and Federal Deposit
Insurance Corporation. The $9.7 trillion figure would nearly be enough
to pay off every mortgage in the nation.



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