The Mushroom Cloud

SAW hates to laugh at another person’s pain, but herewith is the price of greed caused by the crock that was – and still is – sub-prime.

The table of losses is taken from the BBC’s online report dated 15 January 2008

Citigroup: $18bn

UBS: $13.5bn

Morgan Stanley $9.4bn

Merrill Lynch: $8bn

HSBC: $3.4bn

Bear Stearns: $3.2bn

Deutsche Bank: $3.2bn

Bank of America: $3bn

Barclays: $2.6bn

Royal Bank of Scotland: $2.6bn

Freddie Mac: $2bn

Credit Suisse: $1bn

Wachovia: $1.1bn

IKB: $2.6bn

Paribas: $439m

© 2008 Sanjeev Aaron Williams & Cashwerks All Rights Reserved