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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: orkrious who wrote (83479)7/11/2007 9:01:16 PM
From: John Vosilla  Read Replies (2) of 110194
 
I just read there was approximately $3T of subprime loans initiated the past four years, roughly 20% of the total.. That almost equals the tab for the Iraq war so far or the wealth creation from the stock market gains the past year. The losses should be anywhere from $150-300B.....chump change these days not even equaling the drop in Cisco market cap from the NASDAQ top<g>
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