Tuesday 12 February 2008

Credit Suisse Writes off 300 trucks with Pokemon cards

Today, Credit Suisse announced a write-off of 1.3 billion Swiss Franks. This is roughly € 812 million. In the light of the billions of euros write-off that other banks did, this seems to be a fairly limited amount of money.

However, let's make it more tangible, so we can get a feel for how much € 812 million really is. My son collects Pokémon Trading Cards and a small booster pack costs € 4,-, while containing 9 cards. So a card is approximately 44 cents. This means that the loss of Credit Suisse can be translated to 1.8 billion Pokémon cards.
Amazon lists the weight of a booster pack to be 19 grams. And if the wrapper takes up about 4 grams of that, then that leaves us with 1.67 gram per card, or 3 million kilograms for the cards you can buy with the € 812 million loss by Credit Suisse. And if we put 10,000 kilograms in a truck, then we would need exactly 300 trucks filled with Pokémon trading game card to match the loss of Credit Suisse.

That's a lot of Pokémon,

Zaaf

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