Sunday, Sep 16, 2007
Investment banks 'to lose $30bn'
The Beeb: Investment banks 'to lose $30bn'
World investment banks are set to reveal they have lost about $30bn (£15bn) from bad debts linked to the global credit crunch, a report says.
Posted by david20040_0 @ 07:10 PM (715 views) Add Comment
7 Comments
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1. planning4acrash said...
And the rest!
2. Ihopeitgoeswithabang said...
Quote
"Alan Greenspan has told CBS's 60 Minutes programme that during his tenure he "didn't get" how the surge in sub-prime lending might dent the economy"
So what was his job again? ....
3. Scott said...
That's quite a lot isn't it!
4. tyrellcorporation said...
Ahhh! those cheeky optimists!
I reckon $100bn would be closer...
5. Orwell said...
Pravda always underestimates these things........
6. dohousescrashinthewoods said...
Should we say "an order of magnitue" and call it 300bn?
I'm sure they will have skewed the figures across into the next quarter so they can buy another 3 months before having to own up to them.
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