Apocalyptic financial numbers

Here's a comparison for James Taranto's Best of the Web Today column:

Barack Obama's worst week was about more than bad data. The two great legislative monuments to the first Obama term, the remaking of the health-care industry and the Dodd-Frank financial reform, look like they've got serious structural cracks. A McKinsey report estimates that a third of employers will abandon their health-insurance plans come 2014. On Tuesday, The Wall Street Journal reported that the failure (or inability) of Dodd-Frank's regulatory arm to write new rules for the $583 trillion derivatives market has the financial sector in a panic over its legal exposure.

— Daniel Henninger, Wall Street Journal, June 8, 2011.

The International Swaps and Derivatives Association said Tuesday that the true size of the global over-the-counter derivatives market is closer to $401 trillion, not the $583 trillion estimate given by the Bank for International Settlements late last year.

— Wall Street Journal, March 29, 2011.

I don't know about you, but I feel much better after reading that second blurb. $182 trillion difference here, $182 trillion difference there, and pretty soon you're talking about some real money!

(This discrepancy aside, the Henninger article is well worth your read, and scary as hell.)