Here we go, early Monday morning. Good News?.. Bad News?
posted on
Dec 10, 2007 02:53AM
Well, in short, Swiss bank announced an ADDITIONAL, $10 billion writedown on its sub prime holdings which could ultimately lead to a full year loss.
But guess what? News now arrives that an investment of $11.5 billion by Singapore and an UNAMED source from the Middle East offsets any worries For Now.
And FORD, deeply in debt to the tune of $567 million is issuing 62 million common shares to debt holders.
So the Credit Crunch is still churning away. So has our day, in pursuit of making a Buck.
Good Luck.