Monday, September 22, 2008

God I love DailyKos

So for those of you trying to understand how this happened, their is a brilliant post walking though the history on DailyKos. Here are the numbers. Tell me the bastards haven't known far ages this shit was going to explode and make everyone really really smelly.

How big did this market become? Here's business correspondent Bob Moon and host Kai Ryssdal on American Public Media's Marketplace from back in the spring.

BOB MOON: OK, I'm about to unload some numbers on you here, so I'll speak slowly so you can follow this.

The value of the entire U.S. Treasuries market: $4.5 trillion.

The value of the entire mortgage market: $7 trillion.

The size of the U.S. stock market: $22 trillion.

OK, you ready?

The size of the credit default swap market last year: $45 trillion.

KAI RYSSDAL: That's a lot of money, Bob.

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