Wednesday, September 24, 2008
The Cost of Financial Intervention
The Congressional Research Service has just released a six page report on The Cost of Government Financial Interventions, Past and Present, that nicely lays out the financial commitments and estimated final costs of our intervention in AIG, Fannie Mae, Freddie Mac and Bear Stearns. The report also summarizes the costs of some past interventions including the cases of the S & L's, U.S. Airlines, Chrysler, New York City, Penn Central and Lockheed.
Posted by Louise Klusek at 8:05 AM