It must be the teacher in me. Although the new version of the bailout is to be phased in increments, let’s use the $700 billion figure for purposes of this exercise. What percentage is that of US GDP? What percentage is that of previously budgeted federal goverment outlays for 2008?
In the past I have rewarded the right guess with a pint at a local pub. This time I think I will offer the price of a share of AIG stock at close of business Monday, September 30. Actually, the pint may be worth more.