Thursday, September 04, 2008

So exactly how much is a Trillion Dollars?

Dr. Nouriel Roubini of the New York University's Stern School of Business, suggests that the losses of the American financial system will grow to more than $1 trillion.

So exactly how much is a trillion dollars?

That's one million times $1 million. Or one thousand times $1 billion.

An amount that is equal to all the assets of all American banks.

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