MSM: Congress Expected to Pass Massive Wall Street Bailout

WASHINGTON — Key lawmakers who struck a post-midnight deal on a $700 billion bailout for the financial industry predicted Sunday it would pass Congress, putting in place the largest government intervention in markets since the Great Depression.

MSM: Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion

Conservative House Republicans and economists warn about the toll a $700 billion federal bailout of the financial sector would have on the taxpayers footing the bill. But according to Bloomberg TV analyst Marc Faber, the actual cost could be closer to $5 trillion.