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View Full Version : Bailouts could cost U.S. $23 trillion


ducks
07-20-2009, 02:04 PM
http://www.politico.com/news/stories/0709/25164.html
ElNono
07-20-2009, 02:16 PM
I'll throw my estimate for good measure here: $46 quadrillion...
Anybody else with pen, paper and calculator want to take a guess?
DarkReign
07-20-2009, 02:23 PM
I'll throw my estimate for good measure here: $46 quadrillion...
Anybody else with pen, paper and calculator want to take a guess?

...I ran out of zeros...
CubanMustGo
07-20-2009, 02:40 PM
...I ran out of zeros...

At least as much they ran up on that dude's debit card when he bought that pack of cigarettes.
101A
07-20-2009, 02:46 PM
I'll throw my estimate for good measure here: $46 quadrillion...
Anybody else with pen, paper and calculator want to take a guess?


Damn, that's closer to a bazillion than I ever thought we'd get.
Extra Stout
07-20-2009, 02:47 PM
I need to invest in ink.
boutons_deux
07-20-2009, 02:54 PM
That's peanuts. Goldman, alone, has about $80T in derivatives contracts and related play money. Is why Goldman and ilk are fighting viciously to keep derivatives out of regulated exchanges and totally hidden. The best kind of free market is where stealing can go on in the dark.
Winehole23
07-21-2009, 02:37 AM
The best kind of free market is where stealing can go on in the dark.I disagree, BD. The best kind is the kind where the stealing can be done openly and unashamedly.
Rogue
07-21-2009, 04:49 AM
23,000,000,000,000 dollars aren't an astronautical number IMHO, indeed it's quite a small one compared to what our daily lives cost.
Spursmania
07-21-2009, 08:42 AM
I disagree, BD. The best kind is the kind where the stealing can be done openly and unashamedly.
sam1617
07-21-2009, 09:40 AM
23,000,000,000,000 dollars aren't an astronautical number IMHO, indeed it's quite a small one compared to what our daily lives cost.

I don't know what prices you are using, but my daily live doesn't cost that much. Hell, if I were to sell my daily life, I could probably get a couple thousand max, per day.
Winehole23
07-21-2009, 11:20 AM
Michael Maiello (http://www.forbes.com/2009/07/19/banks-bailout-recession-recovery-opinions-columnists-wall-street.html) on Goldman Sachs and JP Morgan.

Via RCP.
angrydude
07-21-2009, 11:27 AM
meh, goldman sachs and all those other banks could give a rats ass about a free market. They want a market that favors them and they're getting it.
Wild Cobra
07-21-2009, 07:54 PM
In reality it would only cost the American taxpayer $4,00 in ink...
That's a whole lot of ink to print all those bad notes.