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To: Wyatt's Torch

I think your assumption is incorrect. Towards the end of the interview Mr. Barofsky said: The last crisis cost $13 trillion.
This number is close to the GDP of the U.S., so I think he literally meant the total annual economic output of the U.S. I’ve never seen a number that high as regards the losses associated with the crash, but I’m far from an expert on the subject.


14 posted on 03/08/2013 2:17:32 PM PST by pluvmantelo (Democrats-The party of moral hazard.)
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To: pluvmantelo

Yeah I have no clue what that number is supposed to represent so I was guessing. I have never seen any estimate anywhere spthat says the financial crisis cost $13+ Trillion.


15 posted on 03/08/2013 2:58:13 PM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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