- Infowars - http://www.infowars.com -
As faith in bank bailouts dims, losses set to deepen
Posted By admin On July 20, 2008 @ 10:27 am In Economic Crisis | Comments Disabled
Pedro Nicolaci da Costa
July 20, 2008
The nightmare scenario for U.S. economic authorities is here: confidence in their ability to rescue the country from a housing-led financial panic is now at its lowest level since the crisis began.
This means losses for investors, already totaling nearly half a trillion dollars, could mount even further over the next few months, with implications for business investment and the overall health of the economy.
“You see a massive potential for financial meltdown on a global scale,” said T.J. Marta, fixed-income strategist at RBC Capital Markets.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/as-faith-in-bank-bailouts-dims-losses-set-to-deepen/
Copyright © 2013 Infowars. All rights reserved.