Quote:
Originally Posted by onwebcam
People are being told it's just 700 billion or whatever which is the point of this thread. What they are doing is buying up the losses on the worthless "bets" that were made and combining them with real assets. What real assets? Everyone's mortgages.
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The 700 billion is actual cash which is still not entirely used up so when people are told that 700 billion of tax payers money is being used (at least at this point) that is the actual amount not 7.7 trillion.