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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: 587
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 # 15.

#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

True...

Cynicom  posted on  2008-09-27   8:47:26 ET  Reply   Untrace   Trace   Private Reply  

It's too bad that 99.9% of the people can't come to grips with the idea that the government is the problem rather than the solution.

Esso  posted on  2008-09-27   8:55:40 ET  Reply   Untrace   Trace   Private Reply  

ESSO...

When we read people here supporting any candidate, we know that person has not come to grips with the very basic problem of this country...namely...The Government is the problem...

Cynicom  posted on  2008-09-27   9:05:05 ET  Reply   Untrace   Trace   Private Reply  

When we read people here supporting any candidate,

That always leaves me shaking my head in disbelief. After all, even a dog is smart enough to make the determination between being stumbled over and being kicked.

Esso  posted on  2008-09-27   9:17:45 ET  Reply   Untrace   Trace   Private Reply  

The founding Fathers had us at a disadvantage. They were starting from scratch, there was no government. People were free.

And then little by little this thing called "government" grew and grew. A few Americans tried to salvage the last vestiges of freedom with the Civil War, they failed, government won and has been a cancer on our backs ever since.

This childish charade we go thru every four years is embarrassing when one stands back and looks at what is going on before our own eyes. We are programmed, we actually watch these "debates", pick a winner and a loser, WITHOUT REALIZING THAT IS PART OF THE DAMNED PROGRAMMING.

Arguing to and fro concerning qualification is PART OF THE DAMNED PROGRAMMING, happens every four years and we get in line wirthout even knowing we are indeed in a line, doing as we are trained.

Cynicom  posted on  2008-09-27   9:28:50 ET  Reply   Untrace   Trace   Private Reply  

This childish charade we go thru every four years is embarrassing when one stands back and looks at what is going on before our own eyes. We are programmed, we actually watch these "debates", pick a winner and a loser, WITHOUT REALIZING THAT IS PART OF THE DAMNED PROGRAMMING.

Arguing to and fro concerning qualification is PART OF THE DAMNED PROGRAMMING, happens every four years and we get in line wirthout even knowing we are indeed in a line, doing as we are trained.

at this point, for those here who have fallen for the charade again, great FEAR of one or the other seems to be driving factor.

christine  posted on  2008-09-27   9:42:45 ET  Reply   Untrace   Trace   Private Reply  

at this point, for those here who have fallen for the charade again, great FEAR of one or the other seems to be driving factor.

You are correct to a degree, however remember that also is part of the programming process.

When Goldwater ran against Johnson, fear of Goldwater brought Johnson into power with the biggest vote count in history. People were positive Goldwater would take us to war and nuclear weapons would end it all. In mass the sheep voted Johnson for safety. Goldwater barely carried his own state of AZ.

LBJ took us into an ungodly war, and then the sheep denied they voted for him.

History is a stern taskmaster.

Cynicom  posted on  2008-09-27   9:51:09 ET  Reply   Untrace   Trace   Private Reply  

#18. To: Cynicom (#15)

When Goldwater ran against Johnson, fear of Goldwater brought Johnson into power with the biggest vote count in history. People were positive Goldwater would take us to war and nuclear weapons would end it all. In mass the sheep voted Johnson for safety. Goldwater barely carried his own state of AZ.

LBJ took us into an ungodly war, and then the sheep denied they voted for him.

Yes, and when Woodrow Wilson ran for re-election in 1916, the theme of his campaign was "He kept us out of war." Barely a month after his inauguration in March 1917, the US was in WWI.

DeaconBenjamin  posted on  2008-09-27 09:54:53 ET  Reply   Untrace   Trace   Private Reply  

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