Relevant:
- Lombard Street Research: credit crunch grinding ever finer
- Reinsurer Scor says no major exposure to monoliners
- BofA earnings beat tempered by concern about weak oil price
- Banks, investment firms reduce borrowing from Fed
- Next Phase of the Crisis: The Great Ratings Debacle by Martin D. Weiss, Ph.D. and Mike Larson
2007-07-03 — telegraph.co.uk
""It was a cover-up," says Charles Dumas, global strategist at Lombard Street Research. He believes the banks alone have $750bn in exposure. They may have to call in loans." That's how the great depression began
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