This is not Wall Street's finest hour. It seems there was no end to the greed. The subprime bubble/bust, fraught with fraud, follows on the heels of another massive fraud, the dot.com bubble/bust. The losses seem to grow each day, with everyone wondering when the next shoe will drop. One set of figures put the losses at $170 billion for U.S. institutions and $200 billion for foreign investors. Goldman Sachs estimates the fallout could be as much as $1.2 trillion globally.
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