Economist: Proposed bank rescue plan price tag could be $4 trillion

01/27/2009 | CNNMoney

The former chief economist at the International Monetary Fund said the federal government will need to pump the equivalent of 5% to 10% of the nation's GDP into its bank bailout plan. "The amount of working capital you'd expect the government to take into this would be around $3 trillion to $4 trillion," said Simon Johnson, a senior fellow at the Peterson Institute for International Economics and formerly of the IMF.

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