We are, by definition, a blog (primarily) about insurance. But that risk management tool doesn't exist in a vacuum: it's part of the larger economic system to which we all contribute. For the past few weeks, the news has been about the $700 billion "bail out" (Latin for: "You own it now, sucker!"), which is itself a rather improbable number.
Now comes word that our political class is considering upping that ante, to the tune of almost 8 trillion dollars:
"The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday."
But thankfully (?), video comes through: