Economy - Economics USA

Brace for $1 Trillion Writedown of 'Yertle the Turtle' Debt

3-31-2008 • Bloomberg

Be it ever so devalued, $1 trillion is a lot of dough. That's roughly on a par with the Russian economy. More than double the market value of Exxon Mobil Corp. About nine times the combined wealth of Warren Buffett and Bill Gates.