The 700 billion us$ bill presented is a huge amount.
When compared to Titanic the bill will come to about 350 James Cameron blockbusters alike Titanic and it could reconstruct the Titanic 500 times over.
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson urged Congress Tuesday morning to authorize a $700 billion bailout of struggling financial institutions. Although the congressional leadership has indicated its willingness to get onboard with the plan, rank-and-file lawmakers from both parties are balking at what's been called the largest bailout in U.S. history.
Altough the bail out is huge, a climate change will cost the global economy 9 billion us$
The trust and reliance the united states recives from foreign nations is even more important than the titanic proportions of this bail out. Not bailing out is even worst as the toxic debts will surface and failures here will only broaden this financial crisis as President Bush puts it.
September 26, 2008