Sweet Jesus God is that a Shitload of Money or What?

$74,000,000,000,000.

Crooks and Liars tells us the Bank of America is trying to stick taxpayers with $74 Trillion in possible debt. Story here.

This move paves the way for another TARP-style shakedown of taxpayers, this time to save depositors. No Congressman would dare vote against that. This move is Machiavellian, and just plain evil.

Seventy five trillion dollars looks like this as a number: $75,000, 000, 000, 000. It's a big number. According to this article: total 2007 wealth for the entire country (everyone) was a bit under $66 Trillion (also a shitload of fucking money). Now, it's something like 48 or 49 trillion. So, if the derivatives BoA is trying to move into FDIC insured accounts ever go south, we'll be on the hook for %150 of the total wealth in this country and for 500% of U.S. GDP.

What the fuck?