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09-27-2008, 12:02 AM #1
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Bloomberg Analyst - $700B Bailout Could Go To $5 Trillion
Bloomberg Analyst - $700B Bailout Could Go To $5 Trillion
http://www.breitbart.tv/?p=182363
“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.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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