Wow! That’s pretty much all I can say after having read the article I’m about to present. Way to stick it to the American taxpayer! Some experts even say the total cost of the bailout can easily reach a trillion dollars; possibly more.
WASHINGTON – Struggling to stave off financial catastrophe, the Bush administration on Friday laid out a radical bailout plan with a jawdropping price tag — a takeover of a half-trillion dollars or more in worthless mortgages and other bad debt held by tottering institutions.