BAILOUT GROWS: Total relief package up to $8.5 trillion — nobody knows risk to taxpayer

by Kath­leen Pen­derSan Fran­cisco Chron­i­cle
The fed­eral gov­ern­ment com­mit­ted an addi­tional $800 bil­lion to two new loan pro­grams on Tues­day, bring­ing its cumu­la­tive com­mit­ment to finan­cial res­cue ini­tia­tives to a stag­ger­ing $8.5 tril­lion, accord­ing to Bloomberg News.
That sum rep­re­sents almost 60 per­cent of the nation’s esti­mated gross domes­tic prod­uct.
Given the unprece­dented size and com­plex­ity of these [...]