WAR ON YOU - Breaking News Without Corporate Views,Alternative news Forum Message Board, Conspiracy Theories,conspiracy research, Martial Law blog,War on drugs, anti zionism website, $700 Billion Bailout Could Balloon to $5 Trillion | War On You: Breaking Alternative News

$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.”


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This entry was posted on Monday, September 29th, 2008 and is filed under Bailouts, Banks, Economy, Federal Reserve, Issues, Media Coverage, News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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