Comment: Basically if you overlay that with 08 TARP AND 09 TALF

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Basically if you overlay that with 08 TARP AND 09 TALF

Bernake and Geitner promised US$ to assist the IMF, so that sum is undetermined cost at this point. However, based on the chart referred in your comment, we will have another hurdle to cover in 2015 as the treasuries used to fund EU BO come due in 2015. My guess would be these are TIPS, which means inflation protected and with the printing coming later this year we cannot cover the '15 interest without another major printing run.

I reiterate, "not everyone comes out alive".

To anyone thinking Romney is crazy, he is, Recall this from the Bloomberg debate...

MS. GOLDMAN: Thank you. Governor Romney, it's 2013 and the European debt crisis has worsened, countries are defaulting, Europe's largest banks are on the verge of bankruptcy, contagion has spread to the U.S., and the global financial system is on the brink. What would you do differently than what President Bush, Henry Paulson and Ben Bernanke did in 2008?

MR. ROMNEY: Well, you're -- you're talking about a scenario that's obviously very difficult to imagine, and -- and -- and --

MS. GOLDMAN: But it's not a hypothetical because more than half the --

MR. ROMNEY: There -- it's still a hypothetical as to what's going to precisely happen in the future...if I were president of the United States, and try and prevent the kind of contagion that would affect the U.S. banking system and put us at risk.

"This isn't what the govern meant"

"Win the crowd and you will win your freedom"