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Member Since: 4/2006Last Seen: 11/05/2009

Global investment banks 'to lose $30 billion'

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This could be more than a hiccup: the global credit crunch may force some of the biggest and most prestigious names in finance to write off 10% of some of their loans...and the word is a not insignficant number of other ones on their books are looking less than healthy. Another shock and then we could be in for a real bloodbath...

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{"commentId":1031887,"authorDomain":"PHATjoe"}

This is a good lesson in greed and its bad effects. I hope this changes the financial behavior for many Americans.

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  • 1 vote
Reply#1 - Mon Sep 17, 2007 10:15 PM EDT
{"commentId":1031903,"authorDomain":"borys"}

It well may, when they have no extra money to borrow...

{"commentId":1031903,"threadId":"151598","contentId":"968556","authorDomain":"borys"}
  • 1 vote
#1.1 - Mon Sep 17, 2007 10:20 PM EDT
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