FED says we have more meatballs

By Mark Pittman and Bob Ivry

Nov. 24 (Bloomberg) -- The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of everything produced in the nation last year.

The worst financial crisis in two generations has erased $23 trillion, or 38 percent, of the value of the world’s companies.

U.S. financial firms have taken writedowns and losses of $666.1 billion since the beginning of 2007, according to Bloomberg data.

(Looks like the devil is taking his due, but still seems as if there is hell to pay - AM)