With each passing bailout, the numbers get larger and more alarming. Is anyone in the US government bothering to add up all these new public sector liabilities?
US Treasury Secretary Timothy Geithner has unveiled a comprehensive bank bail-out plan worth at least $1.5 trillion (£1.02 trillion). Under the plan, the size of a key Federal Reserve lending program will be expanded to $1 trillion from $200bn.
In addition, a public-private investment fund of $500bn will be created to absorb banks' toxic assets and could be expanded to $1 trillion.