Wednesday, January 21, 2009

U.S. Losses May Reach $3.6 Trillion

U.S. financial losses from the credit crisis may reach $3.6 trillion, suggesting the banking system is “effectively insolvent,” said New York University Professor Nouriel Roubini, who predicted last year’s economic crisis...

Read more U.S. Losses May Reach $3.6 Trillion

Source: bloomberg

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