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)
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