Total US govt financial system support seen at $3.7 trln (party, government, program)

[oz in SC]

That Trillion....with a 'T'.
As in $3,700,000,000,000..........

Increased housing commitments swelled U.S. taxpayers' total support for the financial system by $700 billion in the past year to around $3.7 trillion, a government watchdog said on Wednesday.
The Special Inspector General for the Troubled Asset Relief Program said the increase was due largely to the government's pledges to supply capital to Fannie Mae and Freddie Mac and to guarantee more mortgages to the support the housing market.

US financial system support up $700 bln in past year-watchdog | Reuters

[pghquest]

Yep, continue to prop up the very same systems which caused the problem, while blaming a 3rd party.. Typical for government..