MichaelSchmichael

What Obama Needs to Know about Tim Geithner, the AIG Fiasco and Citigroup

Kinabalu -- You're right, the math is wrong. But I am not sure it matters all that much -- whatever the number is, it is huge. Even if you used 50% of the numbers you questioned ($25T instead of $50T outstanding; 20% instead of 40% in the money), you would still have over $1T. Whatever it is, we are all guessing at this point, but it is likely very large.

I think the point of the article goes more to the implications of the policy decisions being made and the potential motivations behind those decisions, not whether the specific numbers cited end up being correct or even reasonable. It would be short sighted to dismiss the article out of hand based on an unfortunate and presumably very embarassing arithmetical error.