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Compounds $53 trillion US deficit

The financial rescue plan compounds the US deficit, which stood at $53 trillion at the end of the last fiscal year.

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The Global Financial Crisis
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How should the US and other governments respond?
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Measures to alleviate the immediate symptoms?
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The Emergency Economic Stabilization Act 2008
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Compounds $53 trillion US deficit
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Treasury Secretary has capital injection for stock option
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Contain the economic impact of the credit crunch
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Relieve the immediate credit crunch
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Abandoning free market principles
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Doesn't punish bankers for mistakes
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Insufficient information available to make sound policy decision
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Involved extra $100bn of irrelevant sweetners
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Moral hazard
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Printing more money just devalues the USD more
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Transfers a mass of toxic assets from banks to the government
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