Subprime crises "red herring"

gobar · Nov 20, 2007

FRE just came out with 2.1 BLn loss...

market lost 60 pts on the news...

alientrader · Nov 20, 2007

Quote from karajan123:

"The fallout from subprime investment declines in the U.S. has mostly been played out, Bennett said. He says he's undone most of his short bets on real estate and banks.

``It's a red herring,'' Bennett said. ``As we are all gazing at U.S. subprime, the problem is coming from behind our back in the east.''

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aT5mpVR9.yMM
More...

Please. he's european

Log in or Sign up

Subprime crises "red herring"

gobar

alientrader