Begin forwarded message: From: "Sardar" <[EMAIL PROTECTED]> Date: September 27, 2008 2:08:32 PM PDT To: "Sardar" <[EMAIL PROTECTED]> Subject: Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion Bloomberg Analyst: $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.” 40 comments Source: Bloomberg TV 09-26-2008 11:35 am RELATED LINKS • Business and Media Institute: Bloomberg Analyst: $700 Billion Bailout Could Balloon to $5 Trillion The message is ready to be sent with the following file or link attachments: Shortcut to: http://www.breitbart.tv/?p=182363 Note: To protect against computer viruses, e-mail programs may prevent sending or receiving certain types of file attachments. Check your e-mail security settings to determine how attachments are handled. |
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