Wednesday, Jun 18, 2008
UK houses more overvalued
FT: Hedge fund chief pessimistic about UK property
Financial companies could wind up losing as much as $1,300bn in the credit crisis.
This is far more than the $945bn in losses predicted by the International Monetary Fund or the $380bn in write-downs already reported by banks
Posted by mken @ 10:36 PM (278 views) Add Comment
1 Comment
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1. mark wadsworth said...
$1,300 bn looks about right.