[Toddsterpatriot]

I’ve seen final-tally numbers for the S&L fiasco in the $120B area.

That's cost to the taxpayer.

With UBS coughing up another $10B in blood today I think we’re up to about $80B so far. We’ll get there, and then we’ll pass it, and then we’ll keep going.

That's not a cost to the taxpayer.

[jiggyboy]

The matter at hand is the scale of the problem.

[Philly Nomad]

But that’s going to be a cost to the economy.

If the banks lose their shirts, they are going to tighten up the credit regardless. Companies won’t be able to issue bonds to expand, Venture Capitalists won’t be able to fund new startups, Home buyers won’t get mortgages, Small Businessmen won’t be able to get affordable loans.

Who do you think will come in a pick up the slack?
China.