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Goldman: Wall Street Faces $460 Billion in Debt Writedowns
Is a trillion the new size 6? This gets us half the way there:"Goldman Sachs forecasts global credit losses stemming from the current market turmoil will reach $1.2 trillion, with Wall Street accounting for nearly 40 percent of the losses.U.S. leveraged institutions,...
Banks face "systemic margin call," $325 billion hit: JPM
It is shocking that more people aren't cognizant of this impending crisis."
NEW YORK (Reuters) -
Wall Street banks are facing a
"systemic margin call" that may deplete banks of $325... Is Citigroup Solvent?
There are some very disturbing questions bouncing around today about whether Citigroup could go belly up."Citigroup, which has incurred $22.1 billion in losses from the subprime crisis, has $320 billion in...
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