Mar 31 2008
A $1 Trillion Writedown
Another prospective into the current economic crisis faced in the United States suggests a $1 Trillion, that's Trillion with a T writedown of Yertle the Turtle debt.
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It makes you wonder what money management the traders or those very large investment banks have been deploying to protect their capital!
Does it not?
Or is it pure greed?
It also makes me speculate who is the next one in the line with such huge debts!?
Surely, it will have a disastrous effect on US economy in the medium term..
Does it not?
Or is it pure greed?
It also makes me speculate who is the next one in the line with such huge debts!?
Surely, it will have a disastrous effect on US economy in the medium term..
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