Tuesday, September 16, 2008


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).

No comments: