Scary

[cherydactyl]

IMO, a version of this with a grey area for the extra $ in a pie the same size of the bailout pie would have been more visually effective.

Only, I'm wondering if this is right...is this falling afoul of the American Billion vs. British Billion problem? I didn't think our bailout was in the trillions yet....

Apparently, the source for the numbers is this article at Boing Boing porsted by Cory Doctrow. It includes the Citi bailout money, which is why it's over 4 trillion.

Yikes.



Oh My. There are some sources out there saying it's even worse than that:
http://www.ritholtz.com/blog/2008/12/calculating-the-total-bailout-costs/

Comments

Re: It's not that bad, yet.

[cherydactyl.livejournal.com]

Yeah, I know, but it does give a person a better idea of the scale of all the money talk flying around. It is a bad case scenario, but not *the* worst case. For that, see the second linked estimate which is twice as high, because it counts the value of the various lending guarantees that have been ponied up.