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Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street Highlight
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— Neil Barofsky“Total government commitment, it’s $23.7 trillion.” I really didn’t believe the figure until I saw the backup documents that had been provided by each of the agencies themselves. This total commitment was almost double the entire annual economic output of the United States. If there were ever a single number that demonstrated the panic felt by the regulators during the financial crisis, it was that $23.7 trillion.
Replicated under Fair Use from Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street by Neil Barofsky. (Pg. 162)