The New Math

Here's a fun video to enable you to visualize the size of the bailout:



And for some background on how the US is into bailouts big time... Here are a series of videos from the Wall Street Journal:

Chapter One: In the first of this three-part series, WSJ reporters explain how the housing bubble inflated and burst, and why easy money led to the collapse of Wall Street’s biggest financial institutions.



Chapter Two: What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created hard-to-understand derivatives Warren Buffett once called “weapons of financial mass destruction.”



Chapter Three: ... to come...