Geithner is publicly saying that it's going to take $2 trillion — a trillion is a thousand billion — $2 trillion taxpayer dollars to deal with this problem. But they're allowing all the banks to report that they're not only solvent, but fully capitalized. Both statements can't be true. It can't be that they need $2 trillion, because they have masses losses, and that they're fine.
Tuesday, April 7, 2009
Banksters: We need $2 trillion, but we're solvent
Posted by Thom Foolery at 1:14 PM