Old 02-21-2009, 02:52 PM
Senior Member
Join Date: May 2007
Location: Miami, FloriDUH
Posts: 2,024
Default Re: Help Me Understand This Bank Bailout Thing

Maybe this will help.

Lets say I have a boat worth $10,000. And I put a bag containing $40,000 in cash into the center console.

Then I set the center console on fire, and only $5,000 in cash survives the fire.

How much is the boat worth?

If you really want to know what happened, check out these two short videos. They are the best thing I have seen on this topic so far. Simple to understand, yet very good at capturing the big picture.

Part 1 - http://www.youtube.com/watch?v=Q0zEXdDO5JU

Part 2 - http://www.youtube.com/watch?v=iYhDk...eature=related
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