Banks are just getting going with the job cuts and there are still more write-downs to come. People are trying to paint a pretty picture on the subprime mess, but we still are nowhere near done with the resets from the early 2000's. This whole situation is still getting worse - don't be fooled.

 

Submitted: May 6, 2008    Views: 103    Comments: 0    Likes: 1   


View Article: http://www.nytimes.com/2008/05/07/business/worldbusiness/07ubs.html


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