Monday, September 10, 2007
That dreaded word; off-balance sheet
The real reason to worry about bank conduits
I would have thought $1,400 would cause more problems, but i bow to his superior judgement.....
Posted by whiteknight @ 06:45 PM (674 views)
2 thoughts on “That dreaded word; off-balance sheet”
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whiteknight says:
That is of course $1,400 bn.
I have now officially lost track of the literally enormous sums of money they are talking about.
Alan says:
Does Peter Larsen, the journalist, actually know how much ” $1,400bn ” is?
ps: I’m so glad its a nice round figure.
This stuff-up will cost the USA (and the UK, where finance is one of our key exports) very dearly, just watch!
When the jobs go, so do the bonuses, at which point there isn’t any benefit in owning expensive property in London.