Saturday, 13 September 2008

Mark To Market Doughnuts

You know that financial writedowns are having real economy effects when you see this...

If you like that, I also have some BBB loans at the same rate...

In other news, self-fulfilling prophecy #2... Lehman Brothers. Hedge Funds 2, Investment Banks 2,598,451 (counting impact of IB-created structured securities).

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