I understand you were going for effect here... but do you even know what a "trillion" is? ...and that there are only ~350 million people (men, women and children) in the entire USA?
So, if we're to take your "trillions upon trillions" to mean at least 4 trillion loans, and that there are 350 million people living in the USA, then that would equate to more than 11,000 bad loans for each and every living soul in the United States.
That, my friend, is over the top in a big way.
I think he meant TRILLIONS UPON TRILLIONS “of dollars worth” of BAD LOANS
Hey, leave HamJ alone, he’s on a roll.
I think he meant to say Trillions of dollars worth of loans, not numerical....in which he would be correct. The CDO and credit tax swap market is around $50 TRILLION (YES TRILLION)
It should have read trillions upon trillions of dollars of bad loans, my bad.