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The New DU. Reply #11: Slight problem is that, with CDOs we took over we are now in the hole effectively 172 Trillion.
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Katashi_itto
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Fri Sep-30-11 05:05 AM
Response to Reply #7 |
| 11. Slight problem is that, with CDOs we took over we are now in the hole effectively 172 Trillion. |
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Edited on Fri Sep-30-11 05:48 AM by Katashi_itto
in the hole.
The whole planet makes between 7-8 trillion a year.
Now there is calls by the banking industry to recapitalize the global banking industry to the tune of 100 trillion more.
Your TARP means squat, other than it was a ploy to hook us for a much larger amount.
There called "Toxic Assets" for a reason. Actually "Toxic Assets" calling them that, is really a misnomer. They are just fraudulent "assets"
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