Tuesday, December 02, 2008

A few terabucks here, a few there and pretty soon you're talking about real money

ScifiBen on the big chunk of change we've committed to for the bailout:

Where are you getting these figures? Are you sure there isn't some overlap? Most of the numbers I've been hearing about in the news are actually just chunks of the original $700 billion being parceled out.

I'm glad you asked! Barry Ritholtz put together a spreadsheet.

More than a few people have asked me how I came up with the the $8.5 trillion figure for the total cost of the bailouts. Below is a table, plus the Excel Spreadsheet it came from.

Note that this cost does not include the $5.2 trillion in Fannie/Freddie portfolios that the US taxpayer is now also explicitly responsible for.

Also - John Walker ran the numbers and demonstrates what 7.7 T$ (Terabucks) looks like laid out on the ground.

7.7 Terabucks - on the ground by you.
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