You could take every bad mortgage and pay it off...you would not use 1/10 of TARP or the FED spending ...this is not about mortgages. It’s about wall street making terrible investments without sufficient capital relying on derivatives (insurance) to cover their losses...too bad there was insufficient capital to cover the losses.
Well, I guess I need to find a better shortcut way of explaining then. Do you have a concise sentence you can offer?