The Conservative Cave
Current Events => The DUmpster => Topic started by: Tucker on January 30, 2010, 11:38:30 AM
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http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7605091
FarCenter (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Jan-29-10 11:32 PM
Original message
6 bank failures cost the FDIC $1856.0 million
American Marine Bank, Bainbridge Island WA $58.9 million
First Regional Bank, Los Angeles CA $825.5 million
Community Bank and Trust, Cornelia GA $354.5 million
Marshall Bank, N.A., Hallock MN $4.1 million
Florida Community Bank, Immokalee FL $352.6 million
First National Bank of Georgia, Carrollton GA $260.4 million
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Total $1856.0 million
I just love DUmmy math.
Likely to be a small camp fire. Maybe I should have listed it as a stand alone post.
BeatleBoot Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Jan-29-10 11:34 PM
Response to Original message
1. So that's $ 1.8 BILLION?
Link?
Public smack down.
conscious evolution Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Jan-29-10 11:43 PM
Response to Original message
4. Have you ever looked up the ownership of the failed banks?
I looked up a couple of Georgia banks this summer.One had Zell Miller,William Bennet and former Ga SecState Cathy Cox listed as being board members.I posted this on another site.Next thing I knew the SEC filings and state corporate filings for many of the banks have been disappeared.
I think there is more to these banks failing then meets the eye.
It's gotta hurt to be that stupid.
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I disagree with you. I now always frame the 1.4 trillion dollar deficit under Obama and donk rule as 1,400 billion so ti gets a sense of scale to the average person. I truly think that average people see 1.4 trillion and think it is less than 80 billion. One cannot imagine a billion much less a trillion but they do see the difference between 1.4 and 1400.
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DUmmy's can't distinguish the difference between 1 Billion and a hundred thousand. Adding a bunch of zeros to a number is a waste of ink. Remember that to them, 250,000 is rich.
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I told my daughter's friend just the other day that "Billion" was not just the next bead on the abacus -- A BILLION IS ONE THOUSAND MILLION!
She wanted to know what an abacus was.
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I told my daughter's friend just the other day that "Billion" was not just the next bead on the abacus -- A BILLION IS ONE THOUSAND MILLION!
She wanted to know what an abacus was.
:thatsright:
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I guess I don't get it. I didn't do the arithmetic, but the DUmmy's math, for once, looks right to me. In business, if you read annual reports or budgets, the sums are normally expressed in millions. The number the DUmmy quotes would show as $1856 million, and would not be converted to $1.856 billion.
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I told my daughter's friend just the other day that "Billion" was not just the next bead on the abacus -- A BILLION IS ONE THOUSAND MILLION!
She wanted to know what an abacus was.
That was a band from Sweden that cussed a lot...wasn't it?
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That was a band from Sweden that cussed a lot...wasn't it?
Yeah . . . their big hit was "Effin' Dancing Queen." It was about a gay top . . . :tongue:
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The primitive may have gotten this data from a British source - Our system is referred to as "échelle courte" and theirs is the older "échelle longue" -- here is a handy table illustrating the differences.
United States Britain
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thousand thousand
million million
billion thousand million (milliard)
trillion billion
quadrillion thousand billion (billiard)
quintillion trillion
sextillion thousand trillion (trilliard)
septillion quadrillion
octillion thousand quadrillion (quadrilliard)
nonillion quintillion
decillion thousand quintillion (quintilliard)
So, the Primitive may be right - just depends on the system employed.