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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (29240)	7/12/2010 3:36:21 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 71427

Well they admitted losses. John Mack himself admitted the mistrade in an earnings CC, then Merrill announced their first 20B lost (out of a total of 55B losses) in subprime CDOs, etc. Citi announced particular losses and went for 45B tarp money on this. The MS trade was so special because it was more like the trade by the French guy. One man purchases 16B in triple-A rated subprime CDOs which then will fall to few percent on the dollar and the risk figures of MS and its trading department show nothing...