If we're starting an over/under pool, I'll take the "over."
RoadsEnd wrote:
Begin forwarded message:
*From: * "Sardar" <[EMAIL PROTECTED] <mailto:[EMAIL PROTECTED]>>
*Date: * September 27, 2008 2:08:32 PM PDT
*To: * "Sardar" <[EMAIL PROTECTED]
<mailto:[EMAIL PROTECTED]>>
*Subject: * *Bloomberg Analyst: $700 Billion Bailout Could Balloon to
$5 Trillion*
Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion
“So now they try to solve the problem by having this credit
bubble actually extended and I think the $700 billion will be like a
drop in the bucket because the total credit market in the U.S. is
something close to $60 trillion, then you have the CDS market – credit
default swap – of around $62 trillion. Then you have the whole
derivatives worldwide worth about a notional $1,300 trillion. So the
$700 billion is really nothing and the Treasury is just giving out
this figure when actually the end figure may be $5 trillion.”
40 comments Source: Bloomberg TV
09-26-2008 11:35 am
RELATED LINKS
• Business and Media Institute: Bloomberg Analyst: $700
Billion Bailout Could Balloon to $5 Trillion
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