[lbo-talk] Bailout Total: $29.616 Trillion Dollars: Government Accounting Office says $16 trillion

c b cb31450 at gmail.com
Mon Dec 12 11:02:51 PST 2011

Jordan, you should be elaborating an estimate as to  what would have happened if they had not been bailed out.  Why is it that they were "Too-Big-To-Fail" ?  Without out the public money, what would have happened to the private sector ?  If their failure would have brought down the system , that means that they made decisions that bankrupted the whole Market, but for the bailout.  THE Market , the Capitalist Oracle, has pronounced the Financial Sector of the world bankrupt. That's what it means when the banking officials say if you don't bail us out, we will fail. Ten books should be written on that alone. Capitalism doesn't add up.

Also, is the $ 7.7 trillion figure that came out last week or so "composite" or "running" ? That's a lot more than $1.2 Trillion

"But Charles: you should probably stop misrepresenting GAO on the $16T number. "  "Probably" ? You don't seem sure.


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