On Tue, Sep 30, 2008 at 9:37 AM, Alberto Monteiro
<[EMAIL PROTECTED]>wrote:

>
> Nick Arnett wrote:
> >
> >> Each family would get... hmmm... 10,000 dollars? Sort of. It would
> >> hardly scratch the problem, since, AFAIK, each family's debts
> >> are about two magnitudes highter than that.
> >
> > Eh?  Two orders of magnitude more than $10,000 is $1 million.
> >
> I based my estimates on the data I have - each family is
> in debt at 3x their properties, each property evaluated
> at $ 300,000. Am I wrong? Is it more than 1 MM?


Are you talking about personal debt or the U.S. national debt?

Nick
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