CNN's Erin Burnett discussed potential $6 trillion US bailout of Europe.

[dkf]

That is what some are estimating it may cost to stabilize Europe.

[bluestateguy]

1. That'll calm the markets down for what, two weeks?

Maybe three?

[kentuck]

2. No big deal..

It's only play money.

[MadHound]

3. Why are we going to bail out Europe?

Seriously, tell Germany to get that corn cob out of their ass and allow Europe to bail its own self out. We don't have the money.

[teddy51]

4. WTF are we going to use to bail Europe out, we don't have any money!

[think]

6. What's that? I can't hear your over the noise of the printing press....

[sufrommich]

5. Just say no.

Let Germany pay Europe's way now that they've got the resources.

[banned from Kos]

7. Well, Erin is officially gone full bore NUTCASE then

The US won't help the EU with a dime.

(The Fed did do some swaps last year - and earned money)

[kentuck]

9. Everybody in Europe gets a wheelbarrow full of money...

It will be worthless but they will have a lot of it...

[snot]

10. It's not bailing out Europe, it's bailing out their and our bankers.

Everyone should take a lesson from Iceland.

[Yavin4]

13. Yep. The Banks Get Bailed Out.

The people get austerity.

[girl gone mad]

11. You should really stop listening to Erin Burnett.

The U.S. can't bail out Europe. It's technically impossible. Our government can only issue dollars, not euros. We can swap our dollars for euros, but this merely provides European banks with slightly increased liquidity since most of their liabilities are owed in Euros.

[jpbollma]

12. The Left and Right in the USA would revolt in the streets

This would NEVER happen.

[dkf]

16. Yes I'm not sure she didn't throw that out just as a gimmick...it certainly made my ears perk up.

She mentioned several analysts and their estimate of what it would take in terms of amounts but did not explain the details. I am pretty sure she mentioned the IMF though. She did have Bill Gross on also.

[pampango]

14. Marshall Plan II?

During the four years that the plan was operational, US $13 billion in economic and technical assistance was given to help the recovery of the European countries that had joined in the Organization for European Economic Co-operation. This $13 billion was in the context of a U.S. GDP of $258 billion in 1948, and was on top of $13 billion in American aid to Europe between the end of the war and the start of the Plan that is counted separately from the Marshall Plan.

http://en.wikipedia.org/wiki/Marshall_Plan

[girl gone mad]

15. The Marshall Plan was designed to counteract a global DOLLAR shortage...

caused by a massive US trade surplus.

Something like this would not work to help Europe solve its EURO shortage.

Europe has its own central bank responsible for issuance of euro, the ECB. They don't need us to step in and print dollars to rescue them. Think about it.

[GeorgeGist]

17. Burnett began her career as a financial analyst for Goldman Sachs

in their investment banking division, where she worked on mergers and acquisitions and corporate finance.