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Reply #46: Aren't these the payout numbers for when the bets go bad? [View All]

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TayTay Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Mar-31-09 09:01 AM
Response to Reply #33
46. Aren't these the payout numbers for when the bets go bad?
The $88 trillion is not "real" money in the sense that it comes due only when the assets insured default? As I understand it, one defaulted mortgage can result in insurance payouts of up to 30 times the value of that mortgage.

So, this is a hyperinflated look at what is owed, and even then, if we were to deal with the defaults at the core of this, it would be even less.

Is this view valid at all?
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