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I'll throw my estimate for good measure here: $46 quadrillion...
Anybody else with pen, paper and calculator want to take a guess?
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...
At least as much they ran up on that dude's debit card when he bought that pack of cigarettes.
Damn, that's closer to a bazillion than I ever thought we'd get.
I need to invest in ink.
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.
I disagree, BD. The best kind is the kind where the stealing can be done openly and unashamedly.The best kind of free market is where stealing can go on in the dark.
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. , if I were to sell my daily life, I could probably get a couple thousand max, per day.
Michael Maiello on Goldman Sachs and JP Morgan.
Via RCP.
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.
That's a whole lot of ink to print all those bad notes.
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