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Reply #4: 12.3 trillion is about 85% of our GDP [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-11-10 05:47 PM
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4. 12.3 trillion is about 85% of our GDP
It was a real "go-for-broke" move

The only guess I can make is that the unregulated derivatives products pushed by the big US financial players were such bad investments, and so ubiquitous, that they threatened the entire international monetary system -- and other countries behind the scenes began screaming at the US that they weren't going to play patsy for US bankers
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