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Rex

(65,616 posts)

5. Financial Crisis Cost Tops $22 Trillion, GAO Says

Reply to workinclasszero (Original post)

Mon Jun 27, 2016, 03:02 PM

Jun 2016

'The 2008 financial crisis cost the U.S. economy more than $22 trillion, a study by the Government Accountability Office published Thursday said. The financial reform law that aims to prevent another crisis, by contrast, will cost a fraction of that.'

http://www.huffingtonpost.com/2013/02/14/financial-crisis-cost-gao_n_2687553.html

So I guess we can expect ten times that number over the years...great just what the world did NOT need.