Just how big is the hole in the financial system? This big …

An interesting graphic from http://4.bp.blogspot.com/_H2DePAZe2gA/STAqqdE8CfI/AAAAAAAAGks/WrursaMDRIM/s1600-h/expend.png

The amount committed in this crisis by the US alone is close to $ 8 trillion. The breakdown by Bloomberg is here and a recent update is here.  The amount actually spent so far is closer to $ 3.5 trillion, but that’s still a big number.

One thought on “Just how big is the hole in the financial system? This big …

  1. OMG! It’s astonishing to see a graph like the one above, showing the incredible scale of money the US government is putting into this financial crisis. I vote this the understatement of the year:
    “No question there is some credit risk there.” – William Poole, former president of the Federal Reserve Bank of St. Louis, commenting on Citigroup receiving “$306 billion of government guarantees for troubled mortgages and toxic assets. The Treasury Department also will inject $20 billion into the bank after its stock fell 60 percent last week.” (from the Bloomberg link you provided in your blog).

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