Credit market losses will worsen

Discussion in 'Wall St. News' started by a529612, Nov 13, 2007.

  1. Nov. 13 (Bloomberg) -- BlackRock Inc. Chief Executive Officer Laurence Fink, who helped create the mortgage-backed securities market, said credit losses that have already cost banks and securities firms $45 billion will steepen.

    Lloyd Blankfein, the CEO of Goldman Sachs Group Inc., the world's most profitable securities firm, is betting that the contagion from subprime mortgages will spread.
  2. ehhh what does he know?
  3. There was no credit crunch. I's all a scam and a myth. Investment banks and regular banks are raking in tons of money. There is tons of credit and liquidity. Tons of buying. Tons of money.