Large US bank failure likely
Tue Aug 19 2008 2:02 pm
by Bob Morris.
So says former IMF chief economist Kenneth Rogoff, adding that the US is halfway through the crisis with the worst yet to come.
Financial stocks got clobbered today in the markets. Lehman Brothers in particular is wobbling badly and was down 13%.
(Disclosure: I own LEH puts)
Posted in: Credit crisis.
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