This is the carnage of the global financial crisis so far. Keep in mind that these companies are not exactly emerging small companies but rather blue chips.These losses include:
• A I G -Then: $178.8 billion… Now: $5.46 billion. Down 96.95%• Bank of America -Then: $236.5 billion… Now: $123.4 billion. Down: 47.82%• Citigroup -Then: $236.7 billion… Now: $76.34 billion. Down 67.75%• Merrill Lynch - Then: $63.9 billion… Now: $30.2 billion. Down 52.74%• Fannie Mae - Then: $64.8 billion… Now: $0.45 billion. Down 99.3%• Morgan Stanley - Then: $73.1 billion… Now: $41.1 billion. Down 43.78%• Wachovia - Then: $98.3 billion… Now: $19.44 billion. Down 80.22%• JP Morgan Chase - Then: $161 billion… Now: $130.2 billion. Down 19.13%• Capital One Financial - Then: $29.9 billion… Now: $16.9 billion. Down 43.48%• Washington Mutual - Then: $31.1 billion… Now: $3.64 billion. Down 88.3%• Lehman Bros. - Then: $34.4 billion… Now: $0.80 billion. Down 97.6%• Goldman Sachs - Then: 97.7 billion… Now: $40.6 billion. Down 58.7%• Wells Fargo - Then: $124.1 billion… Now: $111.25 billion. Down 10.35%• National City - Then: $16.4 billion… Now: $2.8 billion. Down 83%• Fifth Third Bancorp - Then: $18.8 billion… Now: $7.9 billion. Down 57.6%• American Express - Then: $74.8 billion… Now: $37.5 billion. Down 49.87%• Freddie Mac - Then: $41.5 billion… Now: $0.16 billion. Down 58.7%• Suntrust Banks - Then: $27 billion… Now: $16.07 billion. Down 58.7%• BB&T - Then: $23.2 billion… Now: $18.4 billion. Down 20.69%• Marshall & Ilsley - Then: $11.6 billion… Now: $4.48 billion. Down 61.3%• Keycorp - Then: $13.2 billion… Now: $5.68 billion. Down 56.97%• Legg Mason— Then: $11.4 billion…Now: $4.96 billion. Down 56.49%• Comerica— Then: $8.3 billion…Now: $4.74 billion. Down 42.89%• Countrywide Financial: Then: $11.1 billion…Now: $0.00 billion. Down 100%• Bear Stearns— Then: $14.8 billion…Now: $ 0.00 billion. Down 100%
Together these 25 companies alone have lost investors a total of $992,690,000,000 over the last 12 months… or nearly 1 trillion dollars.
And they say USA is the Land of Opportunities.