Eye-popping iou is for $7.4 trillion - TheJCBoard.com Jersey City, Hoboken, Bayonne and North Jersey

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11-25-2008

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Eye-popping iou is for $7.4 trillion

The US 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 - to rescue the financial system since the credit markets seized up 15 months ago...

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