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New Total sub-prime mortgage losses are in the $50-100 B range.
Alex

Nobody has a more sacred obligation to obey the law than those who make the law. -- Sophocles (496? - 406 BCE)
New Those are estimates
and real losses depend on the impact on home prices. The assets against those loans still exist and can/will be resold at some time.

Too much of today's music is fashionable crap dressed as artistry.Adrian Belew
New dupe
Too much of today's music is fashionable crap dressed as artistry.Adrian Belew
Expand Edited by bepatient July 19, 2007, 05:24:43 PM EDT
     Bear Stearns says hedge funds worthless - (JayMehaffey) - (11)
         My heart doth bleed. -NT - (Andrew Grygus)
         And those investors - (bepatient) - (3)
             waiting for the indictments and taxpayer bailout -NT - (boxley) - (2)
                 Bear Stearns has been bulking up with lawyers. - (a6l6e6x) - (1)
                     All defended with the same tactic - (bepatient)
         Re: two funds - (a6l6e6x) - (5)
             I don't care much about the investors - (JayMehaffey) - (4)
                 Better to crash sooner than later - (tonytib)
                 Total sub-prime mortgage losses are in the $50-100 B range. -NT - (a6l6e6x) - (2)
                     Those are estimates - (bepatient)
                     dupe -NT - (bepatient)

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