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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject9/8/2001 11:56:11 PM
From: KyrosL   of 74559
 
Oops! Australian Bank Will Write Off $1.75 Billion

"How did National Australia Bank (news/quote), the country's largest bank, bungle its foray into the American mortgage market so badly that it had to write off $1.75 billion this week?

..."

nytimes.com

They just can't keep their hands off those great American bargains.
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