0
0

Financial Crisis Cost Tops $22 Trillion, GAO Says


 invite response                
2013 Feb 18, 8:51am   488 views  1 comment

by CL   ➕follow (1)   💰tip   ignore  

http://www.huffingtonpost.com/2013/02/14/financial-crisis-cost-gao_n_2687553.html?utm_hp_ref=business

Back in 2008, protestors occupied the lobby of the Bear Stearns' headquarters New York. The financial crisis presaged by the collapse of that institution cost the U.S. economy $22 trillion, according to a GAO report.

Comments 1 - 1 of 1        Search these comments

1   Dan8267   2013 Feb 18, 12:04pm  

$22 trillion in loses.
114,761,359 households in America

That comes to $191,702.16 per household. That's a 3 bedroom, 2000 sq. ft. single family detached house in sunny Florida. It's a much, much larger house in most places in the U.S.

Ultimately, we middle class folk are paying this price. So now that you've paid almost $200k in loss income, inflation, investment losses, higher prices, etc., aren't you glad you at least got that free house? Oh wait, you didn't. None of us did. This is why we need to reign in banks and financial firms. They forced each of us to buy the bank a nice house instead of buying our family's a nice house.

I want that house that I've already paid for.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions