So who believes $700B will satisfy Wall Street - Rogoff says $2 trillion

[malaise]

More money will probably have to be injected. Ken Rogoff, professor of economics at Harvard, reckons the eventual cost could hit an eye-watering $2 trillion (£1,100?bn).

Rogoff was a VP at the IMF.

http://www.telegraph.co.uk/finance/comment/edmundconway/3138754/Gordon-Brown-must-grasp-the-nettle-of-the-financial-crisis.html

[Subdivisions]

1. It's $700 Billion at any given time. Wonder how fast and how many

times they can roll that over before they leave office.

IF they leave office. After all, once you have a law in your favor to hand over billions to your buddies, would you want to give that power up?

[malaise]

2. That's my real worry

They are not behaving like men planning to leave office anytime soon.

[Subdivisions]

3. I think they'll attempt to continue manning the printing presses... n/t

[mckara]

4. This Money Only Prevented a Crash

The system will continue to unwind, but a slower paced... :nuke:

[malaise]

6. The system has already unwound

but now the wrong people have all the power.

[mckara]

8. It Will Unwind Until 2010!

We're only halfway through the bad money deleveraging.

[obiwan]

5. My mom survived the Great Depression. I will survive this one.

[malaise]

7. Those of us who can get back to basics will survive

particularly those of us who don't have credit cards and who avoid debt.

[AnnInLa]

9. Anyone see Bill Moyers the other night?

He had an important US-Economics professor on (can't remember her name), who said to watch out for the consolidation of all these banks. She said there will be 4-5 huge, gigantic banks by the time all of these other banks go under. (Plus your little state banks, the ones who can find a way to stay alive.) These huge banks then WILL be too big to fail, or they will take the whole country down with them. Up until this time, the gov't has been saying that Lehman or ML or Bear or others are too big to fail, well, the banks are only getting bigger and bigger....the bailouts will become more and more often.