Friday, February 29, 2008

Subprime CDOs. VIES Feb 29, 2008

NY Times :-

"Investors were also spooked by a report from UBS that predicted financial companies will face an additional $350 billion in losses tied to the subprime mortgage collapse. That figure would be on top of the approximately $160 billion in losses that have already been disclosed by financial firms worldwide."

Hmmm... Hope to meet the DOW at 11500 in coming months ;-)

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