What I understood was that the $700 billion was just a big number they chose, essentially to prevent a total market collapse from panic, and that the total cost might be much higher. That's what Bernanke said in testimony on the Hill.
On Sun, Oct 26, 2008 at 10:54 PM, Gruss wrote: > > gg wrote: > > people that believe that are people that don't understand swaps. > > > > PS - not that I do. > > But I'm also DarkCloud so it's my job to paint the WCS. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:276807 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
