Three Ways to Know When the Credit Crisis Hits Bottom
Dec 8th, 2008 | By Keith Fitz-Gerald | Category: Financial News, Politics & EconomicsThere is a growing body of data that suggests banks have recognized only a fraction of the overall potential losses – approximately $50 billion to $75 billion so far on subprime debt alone. And a variety of estimates suggest that total subprime losses may be more than $300 billion before we’re through.