Your Qna     New Questions     About Qna
EQNA is a growing interactive people-knowledge network with more than 120,000 questions and 450,000 answers from over 55,000 members worldwide. With all friendly functions, EQNA will be a fun place to join, share and discover knowledge, an open net space allowing you to connect with other people having specialized knowledge or ones with same interests to yours. EQNA login features secured logins using Twitter and Facebook enable you to place questions without sharing your personal information to us. Lets get out and join our community today!
Ask a Question
BLUE CAFE

Why 700 Billion when losses are estimated to be 100 - 150 Billion

Why did they pluck that figure out of the air & why is it so much higher than the estimated losses?
Miloslav:

Very good point Ant. I was wondering where they got that 700 idea from as well. I believe that most of them are crooks and they are all working together, so what's a few billion between friends. Besides it's on us anyway.

BLUE CAFE:

Don't steam me up Sam Grrrrrr.

Miloslav:

Calm down, calm down, everything will be alright (possibly)

MamaV:

Because everyone wants a piece of the pie, and they figured as long as they were making a delicious filling, they would add more ingredients to it to make it even better.. Where did they get the 700, that is what the recipe called for. They decided that adding a little of this and a little of that is not going to make a difference since they are not paying for the ingredients or the pie anyway.

ABA:

guess they just wanted the deficit to be 11.34 trillion.

BLUE CAFE:

HAHA - Of course (slap my forehead!) :)

Alabama:

They got so much money they can't decide where to spend it. That is why it is taking so long. The 700 billion figure was truly plucked out of the air. We are being raped.

BLUE CAFE:

The word 'Raped' has been waiting for this time in history to be used to it's closest distinction. And how! They are bending us over...

Custom:

It very well could be that Bush was unable to get a mortgage from the Saudis to purchase an island in Dubai.

BLUE CAFE:

YEAH! You win!!

Jodi:

Creative accounting by the unaccountable, perhaps... Hey, Ant.....

BLUE CAFE:

Allo there :)

Bryan:

How else do you expect them to support their fams. put their kids through law school and pay for their wives and girl friends? not to mention all those wild parties, and other shady dealings that have to be financed.

Bucky:

It's just a little slice of the pie

John P:

They had to make sure they made it big enough to line their pockets to keep living their rich lifestyles.

Harold:

I don't know where you got the 100-150 billion figure from, that 700 billion dollars won't even start to pay off what the banks are in the hole. No one knows for sure just how bad it really is and the worst may still be coming yet. Four closers
are still happening at a all time high and a lot of people about to lose there jobs. 

BLUE CAFE:

Banks are in the hole due to derivatives coming in to check.
The sum total of Sub Prime debt is estimated as above to a maximum of 400Bn

BLUE CAFE:

See the comment below you. I just noticed it after I'd written the above...
The debt you speak of is not Sub Prime, it's due to credit swap derivatives

BUD 28:

I've heard one trillion in phony paper the banks hold called 'credit default swaps", which are
some kind of 'trust me" derivatives that are supposed to cover bundles of subprime mortgages.
Does that make sense to anybody?

BLUE CAFE:

Thanks Bud; so they try to put the blame on lenders & borrowers who account for a small portion of the debt & hide the fact that they've been realizing phony profit from swap options on artificial swaps while long terming the losses.

Answer:
Text ColorBackground Color
BoldItalicUnderline
LeftCenterRightJustify
Ordered ListBulleted List
IndentOutdent
Horizontal Rule
SubscriptSuperscript
HyperlinkImage
Design ModeDesign
Html ModeHtml
 

Top Question And Answer

  • The 700 billion dollar bailout deal by the US Government or more Wells Fargos?
  • IF THE OIL COMPANIES MAD 39 BILLION DOLLARS PROFIT LAST YEAR WHY CANT THEY LOWER GAS PRICES
  • One of the three candidates still viable for the Presidency wants to create a $10 BILLION DOLLAR
  • Has America lost it's poor? How do we find them to give them the $200 billion?
  • KC135 Billion $ contract what's the deal
  • How did $60 billion got stolen?
  • If a women losses or forfiets her parental rights shouls she be able to fight for custody later?
  • What is the international bounty on the Russian user A-Z? World losses now put at (about) 7 Billion.
  • Privatize profits, Nationalize losses: Good or bad
  • What will happen if 401K holders take their money out to cut their losses? Would the brokerage
  • Does anyone know the estimated price for a plot of land that once held two row homes?
  • What is the estimated number of businesses in L.A. county?
  • what is the estimated e.p.a./ mpg's (miles per gallon ) for a 1994 honda accord 4 cylinder sedan
  • How do I pay my estimated taxes on line?
  • The Secretary of the Treasury - Paulson- has an estimated net worth of $500,000,000 (Five Hundred
  • What is the estimated sum total of all the Sub Prime Mortgages
  • EXXON is making $10 Billion Profit a Quarter. The U.S. Gas Usage a Quarter is 33 Billion Gallons.
  • oil industry reports 40 billion earnings for 2006 year is this grotesque?
  • What do you think of Chrysler's sale to a private equity firm for $7.8 Billion?
  • Why is the price of gas so high and still climbing after Exxon had a profit of 300 Billion.
  • Who will win the $1 billion lawsuit filed by Viacom against Google?
  • $7 Billion, President proposed for cybersecurity. Will it hold off the +150% attacks reported 2007?
  • I want to buy a bag,what is the baghttp:www.goyardreplicasale.com/Grade-Quality-Goyard-Saigon-Tote-Bag-PM-8941-Black/196/index.html
  • How is it:www.topreplicagears.com
  • Www.mokahandbags .com
  • Facebook new account opening form
  • Hom bhr0165301533Www.facebook.new account
  • Hom bhr0165301533
  • Hom bhr0165301533Www.facebook.new account
  • Hom bhr0165301533
  • how do I get mms message fro. mmsweb.iwireless.com
  • Find out how many cars of my model are registered
  • What would happen if a letter opens in the mail
  • Facebook new account open
  • Facebook New Account Creation
  • Facebook new account creation
  • locating a business that closed