Remember LTCM in the 90's lost over $4b... that was HUGE...
Sube Prime the official line today is..
"Bernanke said that current losses from the subprime mortgage mess were probably about $100 billion but cautioned that this figure could wind up being higher."
$100 billion I heard this could be as much as 5 times higher ie 1/2 a trillion
Makes LTCM look like a walk in the park.
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