Swiss Bank UBS wrote off $37.4 billion in bad debt in the last 9 months and Deutsche Bank, Germany’s largest just wrote off antoher 4 billion. Is it starting to hit Europe?
Is the worldwide economic collapse beginning? Are you prepared for global depression?
1. http://news.yahoo.com/s/ap/20080401/ap_on_bi_st_ma_re/wall_street
2. http://news.yahoo.com/s/ap/20080401/ap_on_bi_ge/switzerland_ubs
Jean