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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (123904)5/19/2008 10:38:39 AM
From: Jim McMannisRespond to of 306849
 
Sobered by subprime crisis, French banks get back to basics by

news.yahoo.com

PARIS (AFP) - Shaken by losses linked to the US subprime loan crisis, major French banks are lining up to cut costs and shift their focus from high-risk activities back to traditional savings and loans.

As financial market turmoil further slashed their investment profits, several banks last week announced plans to cap bonuses, cut costs and correct their business model to adapt to the new landscape.........

mo'



To: $Mogul who wrote (123904)5/19/2008 10:48:14 AM
From: Les HRespond to of 306849
 
This is starting to look a lot like 1998-2000. Everything went up into July 2007, just like July 1998. We have a recovery rally where the breadth continually lags the market indices.


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