Friday, July 25, 2008

$1.43 Trillion in Federal Debt, Obligations Over Last Year

That's the amount that the Federal Reserve and U.S. government have taken onto their books of debt guarantees, loans, bail-outs, auction facilities, etc. since the beginning of the credit crisis one year ago. To say that this is a staggering amount is an understatement!

$1.43 Trillion -- in One Year!

(source: Steve Liesman, CNBC 7-25-08)