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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: 550
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.”

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#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

It might be worth it if they'd just leave.

noone222  posted on  2008-09-27   8:55:22 ET  Reply   Untrace   Trace   Private Reply  

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