Shares in mortgage giants plummet
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#1 Aug 21, 2008
They are done, along with about 1,000 banks in the next three years. They have 130 billion in toxic mortgages and have written down 3 billion and have raised 3 billion....done...the banks are next in line with hundreds of billions in losses and running out of places to get capital in a credit squeezed system.
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