Crisis Loans: 175mila jobs at risk

175mila are people who, from here one year, will lose their jobs because of the market crisis, triggered by the storm of subprime mortgages. Say the top management of major banks and financial institutions business of Wall Street consulted by Bloomberg. To finance the big American, who Monday announced new cuts in staff (about 80 thousand people), the exit of the tunnel is still years away. The crisis in subprime unemployed could do more than it did the outbreak of the new economy bubble in 2000, when technology stocks collapsed in the bag. And the worst, say experts, is yet to come. "We expect a period of crisis that will affect the investment banking, but not only" supports Russ Gerson, a number of Gerson Group, New York society for the selection of personnel. So far the crisis has led to writedowns and losses for about 400 billion dollars, among the big investment banks of the Big Apple. Citigroup, the first institution financial of Wall Street Monday announced the dismissal of 13mila people, 4% of all its employees worldwide. And, according to a well-informed source of Bloomberg, the sector trading and investment banking in the future will suffer a reduction of about 10%.

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