Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion

Jeff Poor
Business & Media Institute
Sunday, Sept 29, 2008

Conservative House Republicans and economists warn about the toll a $700 billion federal bailout of the financial sector would have on the taxpayers footing the bill. But according to Bloomberg TV analyst Marc Faber, the actual cost could be closer to $5 trillion.

Faber, author of the “Gloom Boom Doomâ€