Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Proud Deplorable who wrote (89165)	10/26/2008 3:01:39 AM
From: Haim R. Branisteanu	1 Recommendation Read Replies (1) of 116555

As an example Lehman collapse inflicted over $300 billion in loses overseas (according to the printed media)most of the affected where those elderly and savers to whom "structured products" where sold as a solid saving instrument. Financial institutions also lost a bundle on Lehman collapse This is $300 billion 3 times more than the war in Iraq cost the US and only form one US Investment Bank and only to overseas investors. AIG to date lost over $125 billions paid of by taxpayer money GS sold and distributed paper which lost over $200 billions to date and the list goes on.... but managers received unheard of compensations nytimes.com nytimes.com nytimes.com

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