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Subprime mortgages, subprime currency

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Bernanke told Congress that estimates that set the total losses from subprime mortgages at about $150 billion were probably 'in the ballpark'. Given that the Fed and European Central Bank have already injected well over $150 billion since August, Bernanke obviously lied about his ballpark figure. But just how big is this subprime mess?

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clarifying the $150 billion number by victoras on Tuesday, Nov 20, 2007 at 7:28:53 AM