Comments on: Source of 23.7 Trillion Bailout Cost? SIGTARP Report Summary.

By: Controlled Demolition of the Economy « Vanguard of Freedom

Controlled Demolition of the Economy « Vanguard of Freedom — Wed, 14 Jul 2010 04:37:06 +0000

[...] http://www.geldpress.com/2010/02/bailout-237-trillion-sigtarp/ [...]

By: $23.7 trillion has been given to bailout and backstop our corrupt financial system | The Layoff List

Fri, 12 Feb 2010 22:16:58 +0000

[...] There is an nice breakdown of the trillions in bailouts and backstops shown at Source of 23.7 Trillion Bailout Cost? SIGTARP Report Summary. [...]

By: US Government on the Hook for $23 Trillion “Total potential support” For Bailouts — according to the US Government’s own oversight commission « Dregs of the Future

Thu, 04 Feb 2010 18:28:05 +0000

[...] February 4, 2010 by prof77 Excerpted from: http://www.geldpress.com/2010/02/bailout-237-trillion-sigtarp/?source=patrick.net [...]

By: Tim Jowers

Tim Jowers — Thu, 04 Feb 2010 14:42:48 +0000

Also one needs to consider the loan ratios and derivatives. That is, $1.4T in printed credit then loaned at a very low rate might be used to drive supposedly liquid asset numbers. Based on these 4x, 10x, or even 66x (in the UK) may be loaned. If 1 person in 10 came to the bank and asked for their money, then 9 others would get nothing. Actually, it could be more like 65 others would get nothing. $2.3T FDIC potential backing cannot begin to touch this risk. How would the FED print more “Federal Reserve Notes” to cover it? So far, it has. Expanding the credit bubble. Like any other bubble, there’s lots to be made before it pops. One trader made $100M last year himself. The average bonus at the major henchmen in the credit scheme are paying uot at mabye $700K ($500K bonuses) per employee per year. Sure, the bubble will pop, but one doesn’t need but two or three years at $700K to retire. So, those “in the know” are not worried because they are also “in the dough”.