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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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[OT] -- Pan Newsreader Help
On Tue, 25 Mar 2008 22:47:17 -0700, Too_Many_Tools wrote:
Thank you Mr. President...we all have always wanted to live under a bridge..and now we get our wish. TMT Goldman sees $1.2 trillion global credit loss Tue Mar 25, 1:30 PM ET Goldman Sachs forecasts global credit losses stemming from the current market turmoil will reach $1.2 trillion, with Wall Street accounting for nearly 40 percent of the losses. U.S. leveraged institutions, which include banks, brokers-dealers, hedge funds and government-sponsored enterprises, will suffer roughly $460 billion in credit losses after loan loss provisions, Goldman Sachs economists wrote in a research note released late on Monday. Losses from this group of players are crucial because they have led to a dramatic pullback in credit availability as they have pared lending to shore up their capital and preserve their capital requirements, they said. Goldman estimated $120 billion in write-offs have been reported by these leveraged institutions since the credit crunch began last summer. "U.S. leveraged institutions have written off less than half of the losses associated with the bursting of the credit bubble," they said. "There is light at the end of the tunnel, but it is still rather dim." Of the cumulative losses expected by these leveraged players, bad residential home loans will represent about half, while poor- performing commercial mortgages will represent 15 percent to 20 percent. The rest of the losses will come from credit card loans, car loans, commercial and industrial lending and non-financial corporate bonds, Goldman economists said. Facing more credit losses, leveraged institutions have raised about $100 billion in new capital from domestic and foreign investors and reduced dividend payouts. This amount is more than three-quarters of the write-offs to date, the report said. (Reporting by Richard Leong) Well, I _tried_ to block any posts that included misc.survivalism, but PAN doesn't seem to know what the heck I mean. Any pointers on how to get 'er done? And out of curiosity -- does anything useful _ever_ get posted to misc.survivalism, or is it just a dumping ground for political posts? -- Tim Wescott Control systems and communications consulting http://www.wescottdesign.com Need to learn how to apply control theory in your embedded system? "Applied Control Theory for Embedded Systems" by Tim Wescott Elsevier/Newnes, http://www.wescottdesign.com/actfes/actfes.html |
#2
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[OT] -- Pan Newsreader Help
On 2008-03-26, Tim Wescott wrote:
Well, I _tried_ to block any posts that included misc.survivalism, but PAN doesn't seem to know what the heck I mean. Any pointers on how to get 'er done? Try slrn. And out of curiosity -- does anything useful _ever_ get posted to misc.survivalism, or is it just a dumping ground for political posts? It is mostly a looney bin, however, it is a good place to ask camping or gun storage questions. i |
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