Thursday, 21 July 2011

Another Estimate By Credit Suisse: 2.4 billion.

Credit Suisse has reached similar results to my First and Second Estimate. I am glad that there is now a lively discussions on costs and their effects.

I base the similarity from this report on stockwatch, which indicates the only substantial difference is the 600 million which will be recovered by the insurance has been factored in. I am still not sure if the insurance will pay up and thus barring any confirmation I left it out.

It is slightly sad to see that they do not reveal their sources, but for a private institution it is perhaps understandable. Once again I would urge economists and other professionals to crowd source and get both estimates policy implications collaboratively. If you are interested replay to this in the comment box.

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