cnbc.com - 1/29/2009
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The cost of restoring confidence in U.S. financial firms may reach $4 trillion if President Barack Obama moves ahead with a "bad bank" that buys up souring assets. The figure far exceeds even the most pessimistic estimates of how great the loan losses might be because there is so much ...
online.wsj.com - 1/29/2009
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online.wsj.com —
Government officials seeking to revamp the U.S. financial
bailout have discussed spending another $1 trillion to $2...
trillion to help restore banks to health.
(more)
New Bank Bailout Could Cost $2 Trillion
youtube.com - 2/4/2009
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youtube.com —
CNN asks a Temple University mathematics professor how
much $1 trillion actually is. The story notes Senate...
Republican Leader Mitch McConnell is correct when...
(more)
How Much Is $1 Trillion? (video)
calculatedriskblog.com - 1/29/2009
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calculatedriskblog.com —
From CNBC: Bank Bailout Could Cost Up to
$4 Trillion: Economists Goldman Sachs estimated that it would...
take on the order of $4 trillion to buy troubled mortgage and consumer debt. That number could shrink if the program were limited to only certain ...
(more)
$4 Trillion Bank Bailout?
Comments
Blog Reactions
$4 Trillion Bank Bailout?
Calculated Risk —
From CNBC: Bank Bailout Could Cost Up to $4 Trillion: Economists Goldman Sachs estimated that it would take on the order of $4 trillion to buy troubled mortgage and consumer debt. That number could shrink if the program were limited to only certain loans or banks, but it could also grow if other asset classes such as commercial real estate loans were included. ... The Wall Street Journal said government officials had discussed spending $1 trillion to $2 trillion to help restore banks to health, citing people familiar with the matter. ... The government ...
Some Improvement in the Credit Markets
Discourse.net —
... The biggest risks at this moment are that foreigners decide they don’t want more Treasuries, or that the new team at Treasury decides to shovel too much more of our money into stupid banks by buying their worthless/unmarketable paper at high prices. Or even medium prices. ...
Hullabaloo —
... We'll be LUCKY to get away with $250 billion. That's only the remainder of the TARP II funds. The number being floated now by Wall Street is FOUR TRILLION. That's something like 30% of GDP. ...
Is Obama playing chess with bankers, too?
Comments from Left Field —
... But if the bank executives who got us into this mess won’t start lending again until they get billions — possibly trillions — in bailout money, making us cover the costs of the needless risks they and their precious shareholders undertook, then options of punishment need to be on the table. And that’s the only way to play chess with these assholes. ...
Related Content
Bank Bailout to Cost Taxpayers $2 Trillion
money.co.uk 2/20/2009 — The UK Government’s recent bailout of struggling financial giants Royal Bank of Scotland and Lloyds TSB looks set to add between £1 trillion and £1.5 trillion to national debt, figures out today have revealed.
Geithner Says Bank-Rescue Plans May Reach $2 Trillion (Update2)
bloomberg.com 2/10/2009 — Feb. 10 (Bloomberg) -- Treasury Secretary Timothy Geithner pledged government financing for as much as $2 trillion of efforts to spur new lending and address banks’ toxic assets, seeking to end the credit crunch hobbling the economy. “Instead of ...
Geithner Says Bank-Rescue Plans May Reach $2 Trillion (Update3)
bloomberg.com 2/11/2009 — Feb. 10 (Bloomberg) -- Treasury Secretary Timothy Geithner pledged government financing for as much as $2 trillion of efforts to spur new lending and address banks’ toxic assets, seeking to end the credit crunch hobbling the economy. “Instead of ...
Obama climate plan could cost $2 trillion
washingtontimes.com 3/18/2009 — Tom LoBianco ( Contact ) Wednesday, March 18, 2009 UPDATED: President Obama's climate plan could cost industry close to $2 trillion, nearly three times the White House's initial estimate of the so-called "cap-and-trade" legislation, according to ...
How much is a trillion?
marginalrevolution.com 3/4/2009 — In case you had forgotten, via James Hamilton:A trillion dollars used to be a sum that never naturally came up in normal conversation. Now all of a sudden, it's the standard unit we seem to be using to talk about...
How much is a trillion?
econbrowser.com 3/4/2009 — A trillion dollars used to be a sum that never naturally came up in normal conversation. Now all of a sudden, it's the standard unit we seem to be using to talk about our economic problems and what we're trying to do about them. Fortunately, I think I ...
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