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700 Billion Dollars On The Banks?

sassenyak published this on 3:13 pm, Thursday, 25th September, 2008
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Former President Bush with son and daughter-in...

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When the US government is prepared to spend this sort of cash it makes you wonder what they could have spent the money on before the crisis. Given that there are just over 300 Million people in the US, George ‘DubyaBush is going to be spending $2,500 per person to support a banking system which has been fatally undermined by the folks that we trust to run it prudently.

Unbelievable. For that sort of money I am guessing the US could write off world debt, solve global warming and  save the whale in one fell swoop. Instead good cash follows bad cash into the maw of bad banking practice.

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