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News Link • Economy - Economics USA

One Step Up and Two Steps Back: The Next Bank Bailout Bloodbath is Here

The tragedy that's unfolding is shed in an even clearer light when we expand the stats series to include the longer term, in this case 5 years. In the past 5 years (dating back to August 25 2006, a date I took from Google Finance), these are the loss numbers for financials, as taken at noon, August 19 2011: Bank of America : - 86.68% Citigroup: -94.33% Morgan Stanley: -70.72% Keycorp: -83.46% Fifth Third Bancorp: -76.06% Barclays: - 76.85% RBS: -96.83% Société Générale: -83.57% BNP Paribas: 60.64% Crédit Agricole: -81.39% UBS: -75.27% Credit Suisse: -52.92% Deutsche Bank: -65.26% The numbers are made even more poignant when we look at losses at the Dow and the S&P in the same time period. Dow Jones: -3.97% S&P 500: -12.81%

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