Potential Cost of Mortgage Mess to Taxpayers Is Approaching $1 Trillion

Zubin Jelveh submits: The Congressional Research Service estimated in July that the Iraq War has so far cost $648 billion in current dollars. While the government thus far during the credit crunch has committed to spending about $300 billion as a result of the recent housing bill, potential costs from other bailouts and loan programs could potentially put taxpayers on the hook for $901 billion,...