Total Leveraged Loss On Subprime Mortgages - $2 Trillion
Read the full article: http://www.money-rx.com/blog/2008/02/leveraged-losses-lesson...
A new joint Wall Street-Academic report titled 'Leveraged Losses Lessons from the Mortgage Market Meltdown' lays out the complete devastation of the subprime mortgage crisis ($400 billion), and it's ripple affect on the financial sector ($2 trillion) and on the economy (GDP loss of 1 to 1.5 perecent).
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