Wednesday, August 13, 2008

Credit Crisis Reached $500,000,000,000 Yesterday.

That’s $500 billion in financial write-downs since the start of the credit crunch. Enough cash to buy Exxon Mobil outright and still have $100 billion left over. Or you could pick up Wal-Mart and Microsoft. Hell, for half a trillion, banks of the world could have taken a pass on those mortgage-backed securities and bought themselves Belgium… or at

read more | digg story

No comments:

4-25-2024

Elon Musk insists Tesla isn’t a car company   Trump is unindicted co-conspirator in 2020 Michigan fake electors probe, investigator testifie...