3 ms·
It's only a small fraction of $300 trillion USD stolen. $300T of contracts and loans were affected but the banks were only skimming a small part of the loans.
by meric 14y ago
It's only a small fraction of $300 trillion USD stolen. $300T of contracts and loans were affected but the banks were only skimming a small part of the loans.
$300T would be 30 times US's total production output for a year, or over 4 times total production of output for the entire world. Basically that means 4 times anyone has ever made over the past year. No way banks can steal that much.