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View Full Version : AAEEEIII! Market Plunges


Macrobius
03-13-07, 22:47
http://biz.yahoo.com/ap/070313/wall_street.html?.v=30

So Wells-Fargo has a national stake of 11% of this subprime market? I think it's going to look like Donner pass time with them thar mule teams pulling the stagecoach.
Walter Yannis
03-14-07, 00:52
http://biz.yahoo.com/ap/070313/wall_street.html?.v=30

So Wells-Fargo has a national stake of 11% of this subprime market? I think it's going to look like Donner pass time with them thar mule teams pulling the stagecoach.

I agree, it looks grim.

So why hasn't there been a LTCM style crisis in the derivatives market yet? One would think that some of this risk was put off there.

I'm so confused.:confused: