An observation and a question

[PatriotG]

The IMF has stated today that credit losses globally could be as high as $1 Trillion

Goldman Sachs has stated similarly that it could be as high as $1.2 Trillion


So lets say 1 Trillion is the number:

How much has been reported so far (conservatively)?

Lehman 0.7 B
HSBC 7.5 B
Merrill 22.4 B
Goldman ??
Bear 1.9 B
WAMU 3.5 B
UBS 19.0 B
CITI 22.1 B
Credit Ag 6.6 B
Deutsche 3.2 B
BOA 4.0 B
CIBC 3.0 B
Wachovia 2.7 B
AIG 2.7 B
Barclays 2.7 B
Royal Bank Scotland 2.5 B
Credit Suisse 1.9 B
JP Morgan 3.0 B
Countrywide 1.0 B

Totaled this accounts for 110. 4 Billion written Down

Where is the remaining 889.6 Billion Dollars lurking?

 

[kyleAF]

CNNmoney is reporting today that the total writedowns so far have amounted to ~250 billion dollars. Still, you're right... there's a lot more to come.

 

[Libertytree]

THE MOST disturbing number that is not in this equation is our debt as a nation, 53 trillion. All of this other stuff is chump change when compared to this figure, it seems like a sleight of hand trick and we are all too eager to go on a hound chase to ferret it out. Or...Maybe it's just my thinking that's impaired?

 

[PatriotG]

I guess 1 trillion is the most accurate figure.
George Soros Joins GS and the IMF in their forecast

Soros: Global subprime losses likely above $1 trillion



P.S Yeah the national debt is the main concern, im just truth seeking.

 

[scooter]

THE MOST disturbing number that is not in this equation is our debt as a nation, 53 trillion. All of this other stuff is chump change when compared to this figure, it seems like a sleight of hand trick and we are all too eager to go on a hound chase to ferret it out. Or...Maybe it's just my thinking that's impaired?

Most of that national debt is owed to agencies within our own government (by using the 53 trillion figure).

They don't plan on paying that stuff back anyway. Just screw those who paid into it.

 

[hawks4ronpaul]

I guess 1 trillion is the most accurate figure.
George Soros Joins GS and the IMF in their forecast

Soros: Global subprime losses likely above $1 trillion



P.S Yeah the national debt is the main concern, im just truth seeking.

$1T is a popular figure but not necessarily an accurate figure.

There are over $500T in derivatives.

Everyone is afraid to look.

Enjoy the ride.


http://hawks4ronpaul.blogspot.com/2008/02/economics-experts-endorse-ron-paul.html

 

[HOLLYWOOD]

Bailout Bailouts all for CORPORATIONS and US GOVERNMENT!

As I stated before:

On the80's/90's Savings & Loan Crisis/SCAM the US government reported this a $50 BILLION BAILOUT total...

http://www.ronpaulforums.com/showthread.php?t=130165&highlight=savings+loan+bailout

Final Total of the S&L fraud: almost $300 BILLION!

Bank of America / Nations Bank $739 BILLION BAILOUT request to Congress

http://www.ronpaulforums.com/showthread.php?t=124087&highlight=savings+loan+bailout


Let's "RUN UP THE TABS" the Taxpayers are flipping the Bills!

I think we are WELL OVER a TRILLION Dollars of Bailouts...

 

[PatriotG]

Add Mizuho Securities to the list.

Add Mizuho Securities to the list.


Japan's Mizuho stung by $5.5 billion in subprime pain

 

[acptulsa]

Most of that national debt is owed to agencies within our own government (by using the 53 trillion figure).

They don't plan on paying that stuff back anyway. Just screw those who paid into it.

Oh, they intend to pay it back, to be sure--with interest. They just intend to make sure that the dollars they pay with are worth about a dime each. And since the dollar is worth less than a silver dime, they'll be worth your great grandfather's pennies. Don't stuff your mattress--when your dollars turn to pennies it will be pretty damned uncomfortable.

 

[seapilot]

Oh, they intend to pay it back, to be sure--with interest. They just intend to make sure that the dollars they pay with are worth about a dime each. And since the dollar is worth less than a silver dime, they'll be worth your great grandfather's pennies. Don't stuff your mattress--when your dollars turn to pennies it will be pretty damned uncomfortable.

Make sure they are copper pennies. They are intrinsically the same value as a printed dollar today...2.5 cents.

 

[PatriotG]

The Onslaught Continues

Apr. 14, 2008 Wachovia Posts Surprise Loss, Eyes $7 Billion Capital
Apr. 14, 2008 Deutsche Bank Aims To sell $20 Billion In Debt
Apr. 14, 2008 World Shares Down On Market Fears
Apr. 14, 2008 UBS Doubles Sub-Prime Write down

 

[PatriotG]

Merrill Lynch to write down further $6-8 billion

JPMorgan Chase profit falls


So what happens

Futures gain ground after JPMorgan earnings


LOL Insanity!