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    • Lehman Brothers and Merrill Lynch & Co. Inc. Collapse Hard!

      Posted by weissinc

      Lehman Brothers burdened $60 billion in soured real-estate holdings, filed a Chapter 11
      bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the 158-year-old firm
      failed. Bank of America is bailing out Merril Lynch in a $50 billion all-stock transaction.
      In addition, Fannie Mae and Freddie Mac have fell hard and so are many other respectable banks.
      Yes, even yours. Want to know which banks are falling as we speak and discover how to get your
      money out of these banks, fast? Great. There's a website that will give you a pdf of all the banks
      that are falling. Good luck.

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      Subprime explained - crunch time glossary

      Posted by SoxFirst

      Credit crunch? Credit default swaps? Honeymoon loans? NINJA loans? Negative pledge? The subprime crisis is upon us and investors are confronted with jargon designed to baffle and keep them in the dark. Here is a glossary of key terms you'll need to know to keep ahead of the game

      Post a comment

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  1. thumbnail

    worldmarketer comments on:

    Small Business Riding Out Perfect Storm of Credit Crunch - Credit Market * US * News * Story - CNBC

    And in Europe we can see banks and creditinstitutes being affected of the US credit market crash.

    Reply »

    7:29 am 10/06/08
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    weissinc

    Member since Oct 2008

    No city


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    SoxFirst

    Member since Oct 2008

    Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.

    Melbourne


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    marcuscrockett2

    Member since Oct 2008

    Founder and President of Appreciating Assets, LLC a wealth building media site that provides news, inspiration and education about wealth building strategies.

    No city