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Title: Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion
Source: [None]
URL Source: http://www.breitbart.tv/?p=182363
Published: Sep 27, 2008
Author: Video at link
Post Date: 2008-09-27 07:54:12 by angle
Keywords: None
Views: 566
Comments: 22

"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.”

Click for VIDEO!

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Begin Trace Mode for Comment # 14.

#2. To: angle (#0)

The last act of any government is to loot the nation -- Mike Rivero WhatReallyHappened.com

Esso  posted on  2008-09-27   8:40:57 ET  Reply   Untrace   Trace   Private Reply  

The last act of any government is to loot the nation

This is the Fed looting the nation and it was inevitable this would happen once the government delegated the financial system to it in 1913.

If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.

Sam Houston  posted on  2008-09-27   9:33:12 ET  Reply   Untrace   Trace   Private Reply  

This is the Fed looting the nation and it was inevitable this would happen once the government delegated the financial system to it in 1913.

that's what many are losing sight of. this has been a loooooong time plan. instead one party or the other's partisan policies are being blamed. many have forgotten what they have learned.

christine  posted on  2008-09-27   9:45:59 ET  Reply   Untrace   Trace   Private Reply  

#20. To: christine (#14)

“I am a most unhappy man.
I have unwittingly ruined my country.
A great industrial nation is controlled by its system of credit.
Our system of credit is concentrated.
The growth of the nation, therefore, and all our activities are in the hands of a few men.
We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world
- no longer a Government by free opinion,
no longer a Government by conviction and the vote of the majority,
but a Government by the opinion and duress of a small group of dominant men.”

-President Woodrow Wilson

angle  posted on  2008-09-27 10:33:06 ET  Reply   Untrace   Trace   Private Reply  

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