Another metric for measuring major settlements
For future reference, I’m accumulating reference points for illustrating the magnitude of the huge bank settlements we are seeing.
Previously mentioned the annual billings of Big 4 accounting firms. Here are two more reference points –
Election cost in U.S. – $4B / $6B / $10B – According to this site (which was the first one I found that had the info I wanted so I stopped looking), the cost of congressional elections was $3.6B in 2010. The cost of congressional and presidential elections in 2012 was $6.3B. So the federal elections in 2010 and 2012 cost $9.9B.
Cost to build a new aircraft carrier – $13B – Construction cost of the newest aircraft carrier, the U.S.S. Gerald Ford, is estimated at $12.8B per Wikipedia.