Yeah the banks said they had no exposure to subprime directly...but indirectly they do...Centro is probably the closest they have that was 6 bill....then we have MFS ABC learning RHG etc etc all slowly coming out of the woodwork and then friday opes prime which owes 650 mill to anz
The banks lie...get with the times...look at bear stearns...it said on wednesday a few weeks back they had no problems and had plenty of cash and were trading at $60 a share and by friday night...2 days later!!!...they are basically broke and offer for $2 is given to them.
If you trust what the banks say wake up to yourself...how much evidence do you need or is your head stuck in the sand.
