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Quotation of the Day for July 3, 2010"The only single American event in history that even comes close to matching the cost of the credit crisis is World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion "The $4.6165 trillion dollars committed so far is about a trillion dollars ($979 billion dollars) greater than the entire cost of World War II borne by the United States: $3.6 trillion, adjusted for inflation (original cost was $288 billion). "Go figure: WWII was a relative bargain." - Barry Ritholtz, financial commentator. [http://www.ritholtz.com/blog/2008/11/big-bailouts-bigger-bucks/] Submitted by: Terry Labach Jun. 17, 2010 |
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