$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.
$700 Billion Bailout Could Balloon to $5 Trillion | War On You
|All times are GMT -6. The time now is 11:57 AM.|
Powered by vBulletin® Version 3.6.12
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.