Posted by: lootekukur November 8, 2007
Morgan Stanley with a 3.7 Billion hit!!
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HAHAHA ...classic case of what goes around comes around? ..high time we had laws against predatory lending practices of subprime lenders and more transparency on credit rating agencies' part before encouraging borrowers to over-state income on loan applications. until then the demise of housing bubble will continue to have its effect on subprime, Alt-A, hedge fund, mortgage, credit foreign bank market (heard brazil and korea have been badly hit recently...) and what not...

what's the dollar rate today anyone?


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