Tuesday, September 16, 2008

WHO'S NEXT?

UPDATE: AIG got a $85 billion bridge loan from the Fed in exchange for 79.9% stake. Serious dilution of existing shares...Where the heck is all this bailout money REALLY coming from?

Oh yea, the total notional (face) value of listed and over-the-counter derivatives is over $1,144,000,000,000,000 (that's 1.144 QUADRILLION).

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