Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Their liabilities are not infinite.
True.  So who has $165 Trillion in spare change?  According to the FDIC, that is the amount of off balance sheet" liabilities in the financial system as of 2007, excluding CDOs, SIVs, etc. etc.  Certainly not infinite and not ALL of it will be total worthless. Lets say it is worth 70 cents on the dollar.

Then the question might better be: "Hey buddy, got a spare $50 Trillion?"  If so, then perhaps they will know who to call when the CDOs, SIVs, etc blow up.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Mar 22nd, 2009 at 06:08:00 PM EST
[ Parent ]

Others have rated this comment as follows:


Occasional Series