FRIDAY NOVEMBER 16
Uh, That’ll Be $2 Trillion

Usually, we like seeing the “T” rather than the “B” before our “rillion.” But in this case, the number represents what the world’s largest securities firm by value believes the impact of the credit crash might be if leveraged investors realize even HALF of their potential losses. How we got from “B” to “T,” and how the final tally may easily be higher before it’s all over.

November 2007

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