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Strategies & Market Trends : Waiting for the big Kahuna
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To: fred woodall who wrote (90159)9/3/2009 8:25:39 AM
From: Paul Kern3 Recommendations  Read Replies (1) of 94695
 
Sept 3 (Reuters) - Top U.S. and European banks have lost
over $1 trillion on toxic assets and from bad loans since the
start of 2007.
Losses by banks between 2007 and 2010 are expected to reach
almost $2.5 trillion, split roughly between losses on securities
and loans, according to International Monetary Fund forecasts.
U.S. banks will take a $1.6 trillion hit and European bank
losses will reach $737 billion, the IMF said.

Never confuse the stock market with the economy, or,facts, for that matter.
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