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

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