A new paper on leveraged losses due to the subprime mortgage crisis uncovers a $2 trillion shrinkage in banks' balance sheets and a GDP takes a hit of 1 to 1.5%.

 

Submitted: Feb 29, 2008    Views: 175    Comments: 1    Likes: 2   


View Article: http://www.money-rx.com/blog/2008/02/leveraged-losses-lessons-from-...


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Sam Cass
Sam_Cass

In November I calculated bank losses at $1.2 trillion.

http://www.bestcashcow.com/stocks_-_options_-_mutual_funds/article/sam_cass/financial-companies-face-12-trillion-risk

Sad to see this number getting bigger.

Posted: Feb 29, 2008



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