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  • America's Banks: Are They Really Insolvent? [View article]
    You should reread what Krugman and Roubini are saying. The basic argument is that the US banking system has $1.5 trillion of equity but is facing likely writedowns above this amount or around $1.8 trillion. If this comes to pass, it would wipe out the equity of US banks.
    Feb 12 07:58 am |Rating: +9 -10 |Link to Comment
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