> And guess what now? New reliable estimates suggest that using these
> market prices – rather than level 3 model gimmicks - will lead to losses
> of another $100 billion on top of hundreds of billions of subprime
> losses. And some market participants are already talking – quite
> realistically – about total losses from this credit disaster in the $500
> billion range.
Isn't that what the S&L bailout was?
-- Andy