As the financial crisis has spread, the goverment'c commitments have grown and it has assumed different roles, acting as an insurer, an investor or a banker. So far, the government has spent almost $1.4 trillion, although it has guaranteed almost 8 trillion in investments, deposits and loans. That figure does not include $755 billion in currency swaps with central banks in other countries, nor does it include some lending programs for financial institutions whose cost is not quantified.
No comments:
Post a Comment