Bear Stearns exposed as a bank saddled with toxic sub-prime debt - Telegraph
"US house prices have a lot further to fall, which will simply crush the global economy. The lesson from Japan in the early 1990s is that the death dance goes on and on and on," he said.
Posted Mar 15, 2008
Jim Cowie
Responses to this thread:
Jim Cowie:
todd:
I wish i had paid attention in goofy wallstreet jargon class: "Had the Fed delayed, many traders believe Wall Street would have plunged through resistance levels risking a full-fledged crash." what the hell does *that* mean?
smckenzie23:
colby:
J-Dog:
