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No. The numbers are quite clear. On the PPIP, Treasury forecast up to $1T but has actually committed under $40B. You can't round that up. This is my complaint against the MJ article and all the people who decided Bush appointee Barofky was the word of God. The PPIP exposure is in the tens of billions. Let's get some reality principle going here.
by rootless2 on Mon Jan 25th, 2010 at 10:57:00 PM EST
[ Parent ]
And does that include contingent liabilities and counterparty risk?

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Jan 26th, 2010 at 08:54:20 AM EST
[ Parent ]
As far as I can tell, yes.
by rootless2 on Tue Jan 26th, 2010 at 09:21:37 AM EST
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