My take on a variety of topics that are shaping the U.S. in the 21st century.
Sunday, October 28, 2007
Our 21st century economy
Moody's downgrades some CDO securities from AAA to junk status in one fell swoop.
Microsoft buys a share of Facebook valuing it at 500 times earnings. If GE had the same valuation, it would be worth almost as much as the country's GDP.
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