[lbo-talk] Jon Stewart's bailout idea

Julio Huato juliohuato at gmail.com
Sat Jan 31 20:49:17 PST 2009


Jordan Hayes wrote:


> The size of the US mortgage market is how big? Ok, I'll
> tell you: it's at least $10T. What's the size of unsecured
> consumer credit in the US? At least $3T?

Yes, but the relief would go to the neediest borrowers only. The default rate is not 100%.



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