systemic credit crunch
US banks face $351bn "margin call" - JPMorgan Chase
Submitted by MichaelVail on Mon, 03/10/2008 - 5:24pm.
WALL Street banks are facing a "systemic margin call" that may deplete banks of $US325 billion ($351 billion) of capital due to deteriorating subprime US mortgages, JPMorgan Chase said on the weekend.

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