Friday 26 September 2008

The Size of Bailout

Just to illustrate the size of the government intervention in the investment markets, here's a quote from the news today:

Business Spectator - Final US bailout deal close: lawmakers
The bailout exceeds total lending by the International Monetary Fund since its inception after World War II. The IMF has loaned $US506.7 billion since 1947 to countries in crisis as far flung as Argentina, Britain, Turkey and South Korea.


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