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News Link • Economy - Economics USA

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

• TheAutomaticEarth.blogspot.com
 
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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