One Trillion

[yaris-me]

You're looking at sub-prime mortgages, consumer loans, people living beyond their means and corrupt politicians. The news does not understand the crisis we face, so they present misleading information. Later when things get sorted out and there is a clearer understanding, you will learn of structured finance and how CEOs took their bonus' up front before the loss' instead of the back end where they were suppose to. It is much more complicated than this, and add to that the deficit spending and the making of financial bubbles and trying to prevent them bursting. In the end your children and grand children will be holding the bag.