More loses at US banks

US banks reveal more debt losses

Anyone got a running total? Before this is over, I’m expecting at least $350bn, and possibly close to $450bn.

Lehman Brothers sees income dip

I suppose a decline in profits is still a decline in profits but I wonder if next week will put this in the hal’penny place

That’d take a better man than me to count. $350bn - $450bn is what Nouriel Roubini reckons it’ll be as well.

Sure it’s only money and as long as you have your health, family and roof over your head what could go wrong.