Just remember, two decades ago we were told the S&L “crisis” would be FOUR TIMES that much ($800 billion, in 1980 dollars). So $200 billion is, in today’s dollars, about one seventh or one eighth the impact of the S&L failures, which is to say, pretty meaningless.
That’s the estimated the S&L bailout insanely low initially, the tech stock burst low, as well.. the 200 BILLION estimate is grossly underestimated IMHO. When All is said and done, it will be much larger than the S&L.