To: meatloaf
A quadrillion dollars is about what I have calculated based on what I have read for the CDS total. Who’s gonna pay that when the market sinks?
41 posted on
03/25/2013 11:56:55 AM PDT by
Jack Hydrazine
(IÂ’m not a Republican, IÂ’m a conservative! Pubbies haven't been conservative since before T.R.)
To: Jack Hydrazine
Bernanke will be happy to write a check for it.
43 posted on
03/25/2013 12:04:50 PM PDT by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
To: Jack Hydrazine
I don’t know if the FASB has another rabbit they can pull out their hat. IIRC, that’s what prevented the biggest banks from going under. If they had to mark those to market, it would be game over.
At some point the masses may pick up on the fact that those banks have far greater problems than commonly known.
45 posted on
03/25/2013 1:26:36 PM PDT by
meatloaf
(Support Senate S 1863 & House Bill 1380 to eliminate oil slavery.)
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