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Wednesday, January 6 2010 |
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This news story has 1 comment:
There was 400 Trillion dollars in derivative valuation. If just 5% of that was real, (and that's a VERY low ball estimate) then that's 20 trillion dollars.
That's more than the total assets of the top 20 banks combined.
Let's say that 20% percent was real (that's 20 CENTS for each dollar) then that's 80 Trillion dollars.
That's about the valuation of the ENTIRE WORLD'S STOCK MARKETS COMBINED.
Ol' Dodd and Gang(sters) in Washingtonland know the score. So does the FDIC.
Look for another bail-out before the end of the year.