Wallstreet Nightmare $35.6 Billion to be reported as bad debt

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• September 16, 2007
• 

  Wallstreet Nightmare $35.6 Billion to be reported as bad debt

  Posted: September 16th, 2007, 11:27pm

  Goldman Sachs, Bear Stearns, Morgan Stanley and Lehman Brothers will reveal how bad the sub-prime market collapse has effected their balance sheets. Before this announcement stocks of these heavy weights have slipped 20 - 30 percent this year. $300 billion in loans will possibly create a 10% right off of bad debt. Investors hold their breath...