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Get Ready for the Oil-Price Drop
Cato Institute ^
| June 5, 2008
| Alan Reynolds
Posted on 06/07/2008 7:28:48 AM PDT by SeekAndFind
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To: Bommer
IMHO, the big banks have 'wrote down' losses on the books while in the meantime sliding money into the commodities futures markets to offset the 'on the book' losses.
In the meantime all financial upper crust is planning of whopping bonuses form the margins on making good in the commodities and letting the investor eat the losses from the sub-prime orgy.
181
posted on
06/09/2008 1:04:10 PM PDT
by
RSmithOpt
(Liberalism: Highway to Hell)
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