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"I would be very guarded in my estimate of potential revenue," he said.
But this estimate of potential resources is misleading in a number of ways.
The Treasury had already reduced its estimate of potential losses from the asset protection scheme to £25bn after further work over the summer.
I have taken to looking at the ratio of spending to (the CBO's estimate of) potential GDP.
By 2007 the Congressional Budget Office (CBO) had trimmed its estimate of potential growth to a still respectable 2.6%.
One bright spot in a generally bleak picture was the estimate of potential savings from a requirement for doctors and hospitals to use health information technology, including electronic medical records, as a condition of participating in Medicare.
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Estimates of potential reserves, he added, run as high as 5 trillion cubic feet.
Early in the case, estimates of potential damages against Google ran as high as $6.1bn.
They applied exacting estimates of potential losses over two years, along with conservative estimates of potential earnings over the same period, and compared them with existing reserves and capital.
Estimates of potential hidden losses run into the hundreds of billions of euros.
Estimates of potential deaths from the nuclear accident vary widely, from 4,000 to hundreds of thousands.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com