Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (402467)	7/28/2008 11:37:22 AM
From: bentway	Read Replies (1) \| Respond to of 1577919

Banks face trillion dollar meltdown: Pimco business.smh.com.au Falling US home prices will force financial firms to write down $US1 trillion ($1.04 trillion) from their balance sheets, crimping bank lending and sparking sales of assets, says Bill Gross, who manages the world's biggest bond fund. A total of $US5 trillion of mortgage loans, or almost half of the nation's home loans, belong to "risky asset categories'' such as subprime and Alt-A, Pimco's Mr Gross wrote in commentary posted on the firm's website yesterday