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Basic addition is not interesting. Can anyone find out how exactly the $4.6 trillion number is calculated? Even the boingboing source glosses over this: http:

• chaostheory 18y ago
  I'm not a finance geek so someone can prove me wrong: http://finance.yahoo.com/tech-ticker/article/126117/Bailout-Price-Tag-3.5T-So-Far-But-%27Real%27-Cost-May-Be-Much-Higher?tickers=AIG,FNM,FRE,XLF,^DJI,^GSPC,C http://finance.yahoo.com/tech-ticker/article/126117/Bailout-... here's details of the pledged amount of money (7.4 trillion - there's a chance the post's title may not be true now but it may become reality soon): http://www.bloomberg.com/apps/data?pid=avimage&iid=i0YrUuvkygWs http://www.bloomberg.com/apps/data?pid=avimage&iid=i0YrU... (it's good to note that the FDIC has a bunch of IOU notes http://seekingalpha.com/article/95129-fdic-insurance-fund-it-doesn-t-actually-exist http://seekingalpha.com/article/95129-fdic-insurance-fund-it... and money from the fed reserve is loaned to the gov with interest)
  • JoelSutherland 18y ago
    I guess I would like to see some accounting as to why $2T in loans would be considered a cost. Surely somebody is figuring out at least a ballpark value of those loans.
    • chaostheory 18y ago
      maybe it's because the US gov doesn't have 2 trillion to loan. It has to borrow more from China and Japan =)
      • gaius 18y ago
        It's not even doing that. It's just printing more greenbacks and accepting inflation as inevitable.