Saturday, November 1, 2008

Calculated Risk: Wells Fargo Issues Shares to TARP for $25 Billion

"As an aside, the National Debt has increased $880 billion since the beginning of September - that isn't a typo - almost $1 trillion in less than two months as the Treasury raises cash for the TARP and for the Fed's liquidity initiatives.

The National Debt is now $10.53 trillion. Remember when the debt passed $10 trillion? That was on September 30th ... less than one month ago."

"As an aside"?! 

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