On Mar 30, 2011, at 4:11 PM, Jordan Hayes wrote:
>> Also, why would the Financial Times
>> give a figure like $12 trillion for the bailout ?
>
> Beats me. You screwed up the difference between asset purchases and expenses; you'll have to find an exact quotation for me to respond to. But if you read it as "the cost of the bailout is $12T" you're way off.
Over $14 trillion, if you want to pump it up:
http://nomiprins.squarespace.com/storage/bailouttallyoct2010.pdf
To do that, you include guarantees.
Doug